noun
- the reversion of property to the state when there are no legal heirs or claimants
Usage: legal
verb
- to revert to the state by escheat
Usage: legal
Examples
- The abandoned property became subject to escheat after no heirs could be located.
- When the wealthy businessman died without a will or family, his estate faced escheat.
- State laws govern how long unclaimed bank accounts must wait before they escheat.
- The attorney explained that the land would escheat to the government if no rightful owner emerged.
- Escheat laws vary by jurisdiction but generally require extensive efforts to find heirs.
- The property will escheat to the state treasury if no one claims it within five years.