verb বাজেয়াপ্ত করা; বাজেয়াপ্ত হত্তয়া; বাজেয়াপ্ত করা বা হওয়া;
escheat definition
Escheat is the legal reversion of property to the state when its owner dies without a will or heirs.
escheat শব্দটির synonyms বা প্রতিশব্দ
escheat Example in a sentence
The property escheated to the state after the family line expired.
If the owner dies without a will, the assets may escheat to the government.
Unclaimed funds in bank accounts can eventually escheat to the state.
The government claims escheat rights over abandoned or unclaimed property.
Escheat laws aim to prevent property from languishing in limbo without an owner.
Escheat provisions ensure the orderly transfer of assets when there are no legal heirs.
In the absence of a will, escheat protects property from falling into the hands of distant or unknown relatives.
The concept of escheat has been around for centuries, safeguarding society’s interests in unclaimed property.
Escheat laws vary from state to state, dictating specific timelines and procedures for claiming abandoned assets.
Unclaimed estates and properties often escheat to the government, which may then distribute them for public benefit or sell them for revenue.