excheat in a sentence
n.
📚 Grade Level: Grade 11, Grade 12
Definition
Excheat is the reversion of property to the state due to the absence of heirs or rightful claimants.
Sample Sentences
- The concept of excheat refers to the reversion of property to the state when an individual dies without heirs.
- In many jurisdictions, unclaimed estates may be subject to excheat if no rightful claimant comes forward.
- The old law of excheat ensures that abandoned properties are eventually returned to public ownership.
- After years of legal battles, the estate was finally declared subject to excheat due to the lack of any beneficiaries.
- Understanding the implications of excheat is crucial for anyone involved in estate planning or property management.