Nowadays in the U.S., the concept has been expanded to include other intangible assets, including bank accounts, utility deposits, mineral royalties, shares of stock and more.

Escheat refers to a government's right to take ownership of assets when those assets are unclaimed for a long time, or a person dies without a will and legal heirs.

PHILADELPHIA (CBS) – As they say in the law, escheat happens. A former employee of Intel, who had millions of dollars' worth of Intel stock, did what many financial advisors tell you. He ignored ...

You may be owed money. The government may decide to just use it. So we go looking for it inside a little-known "lost and found" of forgotten fortunes. | Subscribe to our weekly newsletter here.

As previously promised, two Democratic former state officials on Monday filed a class-action lawsuit challenging the new state budget’s raid of $1.7 billion from Ohio’s unclaimed property fund to, ...

After a certain period of time, usually five years, states become … Continue reading ->The post Escheat, Explained: How Escheatment Works appeared first on SmartAsset Blog.

When the state takes your estate: Texas escheat laws can cheat your heirs The law requires that holders of your assets turn the funds in your accounts over to the state after certain time periods ...

States are getting more aggressive claiming abandoned property to use for state purposes, a process known as escheat. But sometimes the holdings don't feel so abandoned to the people who own them.

Note: This original episode ran in 2020. Escheat show (Update) Note: This original episode ran in 2020. Walter Schramm did everything right as an investor — at least according to the philosophy ...

And the ancient feudal doctrine of Escheat or accidental reverting of lands to the original lord has been applied in modern law not only to lands but to personal property, unclaimed savings ...

A wave of new unclaimed property statutes and rules is changing whether and when businesses should escheat gift, payroll, loyalty, and other stored-value cards. Ten states have adopted new ...