"Escheatverb" Example Sentences
1. In the event of a failure to locate the rightful owner, the property will escheat to the state.
2. The ancient practice of escheat was once used to transfer property to the king's treasury.
3. The decision to escheat the abandoned automobile was made by the city council.
4. To prevent an escheat, it is important to keep accurate records of property ownership.
5. The property was subject to escheat due to the owner's failure to pay taxes.
6. The unclaimed funds were escheated to the state treasurer's office.
7. The court ordered the property to be escheated to the county due to lack of heirs.
8. The practice of escheat dates back to medieval times.
9. The law requires that any unclaimed property be escheated to the state.
10. The bank account was escheated after years of inactivity.
11. The property was escheated to the county after the owner passed away without any heirs.
12. In some cases, it may be possible to contest an escheat judgment.
13. The state's escheat laws are designed to protect property owners and ensure fairness in distribution.
14. The escheated property will be auctioned off to cover outstanding debts.
15. Escheat laws vary by state and may be subject to change over time.
16. If you suspect that your property has been escheated, you should contact an attorney immediately.
17. The attorney general oversees the state's escheat program.
18. In order to prevent an escheat, it may be necessary to update your estate plan.
19. The process of escheating property can be time-consuming and expensive.
20. The property was escheated to the state after the owner passed away without a will.
21. Escheat laws were originally designed to prevent property from being held in perpetuity by one family.
22. The court order allowed for the escheat of the property to the county.
23. The attorney argued that the escheat was unwarranted and should be overturned.
24. To avoid an escheat, it is important to keep your contact information up-to-date with financial institutions.
25. The state's escheat program returned over $100 million in unclaimed property to residents last year.
26. The property was escheated due to the owner's failure to maintain the property.
27. The state treasurer's office is responsible for handling the escheat of unclaimed property.
28. Escheat laws apply to all types of property, including real estate and personal property.
29. The company was ordered to escheat the unclaimed dividends to the shareholders.
30. The property will be escheated to the state if the owner cannot be located within a certain period of time.
Common Phases
1. Escheat laws vary by state;
2. Property can escheat to the state if there are no heirs;
3. The process of escheat can be complex and time-consuming;
4. It is important for individuals to create a will to avoid escheat;
5. If a property does escheat, the state may auction it off or hold onto it;
6. Escheat is a legal mechanism designed to prevent property from becoming abandoned.