what is escheat example 
imagine that you had assets in a brokerage account and that you didn t designate beneficiaries for the account had no will and no relatives that these assets could pass to according to the laws in your state if you died and no one else claimed the account ownership would be passed to the government the bottom lineescheatment is the right of a government to take ownership of an account or other property when there is no apparent beneficiary heir or other entity that has a claim to it the account or other property can be reclaimed if someone emerges with a legal claim but reclamation is generally subject to a statute of limitations 