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Claiming (UCPC)
| UCPC - 1 |
I received a postcard in the mail
telling me that I have unclaimed property and asking me to pay
$14.95. Should I?
You should be suspicious if someone wants
money before you receive your property or if the fee is not
based on a percentage of the money to be returned to you.
Consumer protection agencies advise that legitimate businesses
will not expect payment until the property is returned to the owner.
If you have concerns about an heir finder or asset locator,
contact your Better Business Bureau
or Idaho’s Unclaimed Property
Office.
These postcards can be misleading. The message
often says that, "you may have unclaimed
property." Many times, the individual or company sending
the postcard has no idea if your name appears on any unclaimed
property list. When you pay the $14.95, you may receive the
addresses for the Unclaimed Property Offices in every state
for you to contact yourself. These addresses and phone numbers
are available to the public for free and most states have a
searchable database on the Internet (Go to NAUPA at www.unclaimed.org).
Contact
us if you need more information.
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| UCPC - 2 |
Why did my property get reported to the state if I still
live at the same address?
There could be a number of reasons. A business
may have sent a letter, which was lost during the mailing
process or mistakenly discarded by the recipient as junk mail.
Also, under Idaho’s Unclaimed Property Law, companies are
not required to notify owners if the value of the unclaimed
property is $50 or less.
Contact
us if you need more information.
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| UCPC - 3 |
I found the names of my friends and family on Idaho’s
unclaimed property list. How can I help them claim this
property?
Please let them know that their name appears
on our unclaimed property listing and ask them to contact us.
In most cases, we will need to verify information in addition
to their current name and address before we can send them a
claim form.
Contact
us if you need more information.
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| UCPC - 4 |
Who is able to claim the abandoned or unclaimed property
for a deceased relative?
If the owner of the property is deceased, the nearest
living relative or heir of the deceased, or the
court-appointed executor or personal representative of the
estate may claim the property. If the deceased owner did not
indicate a specific distribution of his assets in a will or
beneficiary statement, relatives have the right to claim the
property in the order indicated in the Uniform Probate Code’s
"Line of Consanguinity," which is as follows:
- The surviving spouse
- Children
- Grandchildren
- Parents
- Brothers and Sisters
- Nieces and Nephews
Contact
us if you need more information.
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| UCPC - 5 |
What type of documentation must be provided to claim a
deceased owner’s property?
Claims made on accounts for which the original
owner(s) are deceased must
include a copy of the death certificate(s) for all deceased
owners listed on the account. (Photocopies of death
certificates are acceptable.) Documentation must also be
included showing that the claimant
is either the nearest living relative or heir of the deceased,
or court-appointed executor or personal representative of the
estate. If the deceased owner had a will, it should be
provided.
Contact
us if you need more information.
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| UCPC - 6 |
If I am claiming property for myself, what types of
documentation do I have to provide to make a claim?
All claimants
must provide photo identification and a Social Security
number, or federal Employer Identification Number (EIN) if the
claimant is a business. The claim form(s) must be signed and
additional documentation may be required depending upon the
type of property being claimed.
Contact
us if you need more information.
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| UCPC - 7 |
What if my name has changed?
Documentation of the name change such as a
marriage certificate, divorce decree, adoption papers, or
certificate of name change should be provided.
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| UCPC - 8 |
How can I get a copy of a death certificate, birth
certificate, marriage certificate, or divorce decree?
You may request a copy of these items from the Bureau of Vital Statistics.
Contact
us if you need more information.
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| UCPC - 9 |
What if my address has changed?
If the address reported for the unclaimed
property is a previous address, the claimant
may document the address by including a postmarked envelope,
bill, canceled check, or other document that shows the owner
lived at the reported address.
Contact
us if you need more information.
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| UCPC - 10 |
What if there are two or more names reported as owners for
the property?
Some types of unclaimed property have been
reported as belonging to two or more individuals jointly. In
most cases, the funds will be issued on one check payable to
both or all of the individuals. If there is a reason for the
funds to be distributed separately, such as a divorce,
additional documentation must be provided.
Contact
us if you need more information.
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| UCPC - 11 |
How long will it take the state of
Idaho to process my claim and return my property?
Claims are processed in the order they are
received and it is our goal to process your claim as quickly
as possible. Under Idaho Code, we are required to consider your claim within 90 days of receiving it.
Contact
us if you need more information.
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| UCPC - 12 |
How long do I have to claim my property from the state of
Idaho?
Most states act as custodians
of your property, holding the property indefinitely
until you or your heirs claim it. However, Idaho takes
permanent ownership of the property if it has not been
claimed within 10 years from the date the property was
turned over to the state. At that time, those who were listed as owners,
and the heirs of those owners, will lose all rights to that
property.
Contact
us if you need more information.
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