en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Escheat
       
 
Back

Escheat

 Search definitions     
  Search  

Escheat
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.
    
Escheat is a common law that censures that property is not left in limbo and ownerless. It is the transfer of the title to a person's property to the state when the person dies intestate without any other person capable of taking the property as Heir. For example, a common-law jurisdiction's intestacy statute might provide that when someone dies without a Will, and is not survived by a spouse, descendants, parents, grandparents, descendants of parents, children or grandchildren of grandparents, or great-grandchildren of grandparents, then the person's estate Will escheat to the state.
Posted by  LISA Life Insurance Settlement Association
 
  Back  
  Print  
  Email  

 

private banking
private banking
private banking
private banking
private banking
private banking
Get Adobe Flash Player to view the media
FlashPlayer required to view the media

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©