Define escheat.
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Posted by Jiny Jawa 5 years, 2 months ago
- 2 answers
Yogita Ingle 5 years, 2 months ago
Escheat refers to the right of a government to take ownership of estate assets or unclaimed property. It most commonly occurs when an individual dies with no will and no heirs. Escheat rights can also be granted when assets are unclaimed for a prolonged period of time. These situations can also be referred to as bona vacantia or simply just unclaimed property.
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Aaiman Farhin 5 years, 2 months ago
0Thank You