escheating (Meaning)
Webster
escheating (p. pr. & vb. n.)
of Escheat
Synonyms & Antonyms of escheating
No Synonyms and anytonyms found
escheating Sentence Examples
- The property escheated to the state due to the absence of any legal heirs.
- The abandoned house was escheated to the city government for unpaid taxes.
- According to the law of escheat, the unclaimed property will be transferred to the government.
- The attorney general's office is responsible for handling escheated properties.
- The state holds escheated property in a special fund until it can be claimed by the rightful owner.
- If an owner of escheated property cannot be identified, the state may sell the property and use the proceeds for public purposes.
- Escheat is a process that ensures that abandoned or unclaimed property is not wasted or left to deteriorate.
- The rules of escheat can vary from jurisdiction to jurisdiction, so it is important to consult with an attorney if you have any questions.
- In some cases, property may be escheated to a specific institution or organization, such as a university or a charity.
- Escheat is a common practice in many countries around the world, and it serves to protect the interests of both the government and the rightful owners of property.
FAQs About the word escheating
of Escheat
No synonyms found.
No antonyms found.
The property escheated to the state due to the absence of any legal heirs.
The abandoned house was escheated to the city government for unpaid taxes.
According to the law of escheat, the unclaimed property will be transferred to the government.
The attorney general's office is responsible for handling escheated properties.
