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abandoned or unclaimed property

Property is generally considered abandoned or unclaimed if the existence and location of the owner is unknown for an extended period of time—often three years. Common types of unclaimed property are bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and safe deposit box contents. Once abandoned property is turned over to the state by a business, an individual then has the burden of reclaiming it from the state.

In Idaho, property is typically deemed abandoned or unclaimed if the owner cannot be located for a specified period, which is often three years. This includes various types of property such as bank accounts, stocks, bonds, uncashed checks, insurance benefits, wages, and the contents of safe deposit boxes. Businesses holding such property are required to attempt to contact the owner, and if unsuccessful, they must turn the property over to the state. The Idaho Unclaimed Property Law, administered by the Idaho State Treasurer's Office, governs the process of handling unclaimed property. Individuals who believe they have unclaimed property held by the state can file a claim through the Idaho State Treasurer's website or office to recover their property. The state holds this property indefinitely until the rightful owner or heir claims it.

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Government

abandoned or unclaimed property

Individual & Family Legal Plan

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Idaho State Code

Idaho State Code

Government

abandoned or unclaimed property

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