Escheat

What Does Escheat Mean?
When property and/or an estate is transferred to the government because a person has died without a will or an heir to his or her estate.

Investopedia explains Escheat
Transferred property can be claimed back by relatives if they have a worthwhile case.

Filed Under: Personal Finance, Retirement

Related Terms

Beneficiary
Estate
Estate Planning
Heir
Inheritance
Intestate
Probate
Taxable Estate
Will
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