Escheat Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Escheat, written in plain English, along with examples of how it is used.

What is Escheat?

n. from old French eschete, which meant “that which falls to one,” the forfeit of all property (including bank accounts) to the state treasury if it appears certain that there are no heirs, descendants or named beneficiaries to take the property upon the death of the last known owner.