An Idaho trust now holds $120 million of money and other valuables that are just waiting to be claimed by their rightful owners.
State Treasurer Ron Crane said in a press release that his unclaimed property division usually pays out half of what it collects each year. In the year that ended June 30, the division paid out $5.6 million from 12,292 claims.
The state acquires stocks, bonds, mutual funds, bank accounts, uncashed payroll checks, utility deposits, travelers checks, safety deposit box contents and other valuables but not real estate when customers leave them behind for at least five years. The "holders" who turn over the property to the state include corporations, trade associations, utilities, medical offices and insurers.
DId you forget to pick up a paycheck from that summer job in high school? Was a family heirloom abandoned in a safety deposit box years ago? Search your name at sto.idaho.gov/UnclaimedProperty. You can claim it for yourself or donate it for use in the state general fund, public schools, veterans cemetery maintenance or parks and recreation improvements.