Definition, Meaning & Synonyms

escheat

noun

/ɪˈʃiːt/

Definition

The reversion of property to the state in the absence of legal heirs or claimants.

Examples

The estate was subject to escheat since no relatives could be found.
After years of searching, the property was finally declared escheat to the county.
Escheat laws vary by state, affecting how unclaimed property is managed.

Meaning

Escheat refers to the legal process where unclaimed property or assets revert to the government or state when an individual dies without a will and no rightful heirs can be identified.