Which of the following best describes the legal concept of escheat?
Correct Answer
B) Property that reverts to the state when the owner dies intestate with no heirs
Escheat is the legal process by which property reverts to the state when an owner dies intestate (without a will) and leaves no identifiable heirs. In Delaware, escheated property is transferred to the state under the Delaware Abandoned Property Law. This is an example of involuntary transfer of title. It differs from eminent domain (government taking for public use with compensation) and tax forfeiture (seizure for unpaid taxes).
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