Transfer Of TitleInvoluntary TransferMEDIUM
What is escheat in real property law?
Correct Answer
B) The transfer of a deceased owner's property to the state when there is no will and no legal heirs
Escheat is the legal process by which a deceased person's property reverts to the state when the owner dies intestate (without a will) and leaves no identifiable legal heirs. In Nebraska, this is governed by state intestacy and unclaimed property statutes.
Answer Options
A
The forced sale of property at public auction to satisfy a debtB
The transfer of a deceased owner's property to the state when there is no will and no legal heirsC
The government's taking of private property for public use through condemnationD
The seizure of property by the government for failure to pay property taxesWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
intestate
Key Terms:
escheat
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