Question

The state's claim to property when a property owner dies, leaving no will, heirs or creditors, is the power of ______.

Answer 1

The answer is Escheat.

Escheat is the government's right to property if it is not claimed for any reason after a certain period of time.

Explain law related to property- Escheat.

• Escheat is a legal law that deals with what happens to property if it is not claimed. In this case it is withdrawn or returned to the government.
• Escheat is the government's right to take or claim property when there is no clear owner. Death is common for estates that have no heirs, as well as dormant bank accounts, securities, etc. Someone doesn't have to die for a savings account balance to lapse.
• A dying individual is not the same as being without an heir. When someone dies intestate or intestate, there are often heirs. Finding heirs through probate (usually children or close family members) prevents the property from being returned to the government.

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