Sharing lesson learned about Hawaii's policy on unclaimed property. Probably an old policy/law, but I've come across it a few times lately.
Most recent was a couple of Roth IRA accounts that I received notices to the effect that the accounts haven't shown activity "for an extended period of time" and was at risk for being "transferred to the custody of Hawaii".
This has actually come up on a First Hawaiian Savings account earlier this year. It's an account that my grandma has set up for me when I was born and she would deposit into it regularly over the years. She passed away in 2012 and I think I may have changed the type of savings then, but I don't touch the account. I got a notice and went into FHB to take care of it.
But this time, I got the notice AFTER the date in which the account was in jeopardy. I received the notice this past week and the date was mid-August. I called the investment company this morning and was assuming that I had to petition the State to get my funds back, but they said the funds hadn't been turned over. This was an IRA that I had in my first job and I haven't paid much attention to it since I rolled it over to a Roth IRA. I assumed that since it was obvious with the investment company that I was still alive (I have life insurance with them), that they would know that this account was still "active", or at least not to have the funds subject to being considered unclaimed. The rep said I should call them once a year to show activity.