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escheat

   Also found in: Dictionary/thesaurus, Legal, Wikipedia, Hutchinson 0.04 sec.
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.

Notes:
Transferred property can be claimed back by relatives if they have a worthwhile case.

Escheat
Reversion of monies or securities to the state in which the securityholder was last known to reside, when no claim by the securityholder has been made after a certain period of time fixed by state law. This is known as the holding period or cut-off date.
escheat
The right of the state to claim a deceased person's property when there are no individuals legally qualified to inherit it or to make a claim to it. This occurrence is fairly unusual even when the deceased leaves no will.
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? Mentioned in ? References in periodicals archive
 
A city's zoning ordinances are the single most affective tool to implement the general plan, however, on the fringes, land use can be shaped through the governments right of taxation, eminent domain, and escheat (the right for the government to assume title in certain estate situation).
New York City zoning: what you need to know by Maltz, John / Real Estate Weekly
The lettres-patentes rendered the "Portuguese Merchants" neither full-fledged, "natural" or "native" subjects of the French king, nor foreigners, at least in the sense that these "Portuguese" New Christians (as distinct from "true" Portuguese merchants residing in places like Paris), were exempt from the royal Right of Escheat (droit d'aubaine), according to which foreigners could not bequeath and/or inherit property and did not enjoy the legal protections afforded "natural" subjects.
Becoming Jewish in early modern France: documents on Jewish ... by Graizbord, David / Journal of Social History
At the lower end of the scale, she noted, control areas include escheat, payroll taxes, and excise taxes.
Tax department survey results to be published this winter by Tax Executive
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