Meta Description: Learn what escheat is, how unclaimed property is transferred to the state, the dormancy periods, and critical steps you can take in your estate planning to prevent your assets from being escheated. Decoding Escheat: What Happens to Truly Unclaimed Property? In the world of finance and estate planning, the concept of escheat often […]
Meta Description: Understand escheat and unclaimed property laws. This guide covers the legal procedures, state requirements, and how to navigate filings and prevent your assets from being escheated. Understanding Escheat: When Property Becomes the State’s Have you ever wondered what happens to bank accounts, stocks, or even safe deposit box contents when the owner cannot
Meta Description: Ever wondered what happens to a bank account or stock when the owner disappears? Learn about the legal process of escheat and how states manage abandoned property and unclaimed funds. What Happens to Your Abandoned Property? Understanding Escheat Law Have you ever heard of the term “escheat” and wondered what it means? It’s