أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
When their is no legal heir to a property interest and the property is claimed by the state.
As per the US law, "Escheat' means the forfeiture of the whole property of a person to the state treasury in the absence of heirs, descendants or named beneficiaries on the death such a person.
The recovery of the State of the deceased funds in the absence of the heir
Escheat in legal sense is when the property is attached to the Government, when there is no legal heir to claim the property.
Escheat is when a property reverts back to the state when a person dies without any heirs or issues.
Exactly what our friend Mr. Ahmed answered. Property is always attached with ownership. In case if any property doesn't have any owner means, it belongs to state. therefore the right of state to acquire the property which has no owner is called Escheat.
Example: If a person died leaving the properties behind, but with no legal heirs even in case of sharia like no sharers, residuaries, distant kindred relations, etc.....in such scenario, those properties belong to State. My 2 cents. Thanks.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟