noun
- property that reverts to the state when an owner dies without heirs or when property is abandoned
Usage: legal
verb
- to revert to the state by escheat
Usage: legal
Examples
- The abandoned property became an escheat to the state.
- When the wealthy man died without relatives, his estate escheats to the government.
- The court ruled that the unclaimed funds would escheat after seven years.
- State laws determine how property escheats when no heirs can be found.
- The attorney explained that escheats help prevent property from remaining ownerless.
- Historical records show many escheats occurred during times of war and plague.