Posts

LeoGlossary: Escheat

avatar of @leoglossary
25
leoglossary
@leoglossary
·
·
0 views
·
1 min read

Reversion of real or personal property to the state when:

  • a person dies without leaving a will and has no heirs

  • when the property (such as a bank account) has been inactive for a certain period of time.

See inactive account

Posted Using LeoFinance Beta