Which of the following best describes the legal concept of escheat?
Correct Answer
B) The reversion of property to the state when an owner dies without a will and without legal heirs
Escheat is the process by which property reverts to the state when a person dies intestate (without a valid will) and has no identifiable legal heirs to inherit the property. In Montana, escheat is governed by state law, and the property passes to the State of Montana rather than to any individual. Escheat differs from eminent domain (government taking for public use with compensation), tax forfeiture (seizure for unpaid taxes), and foreclosure sales.
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