Which government power allows the state to acquire ownership of property when the owner dies intestate and without any identifiable heirs?
Correct Answer
A) Escheat
Escheat is the reversion of property to the state when the owner dies intestate (without a will) and no heirs can be found. This prevents property from being ownerless.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.
Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.
A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.
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