Texas Property Code 71.001 – Escheat
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(a) If an individual dies intestate and without heirs, the real and personal property of that individual is subject to escheat.
(b) “Escheat” means the vesting of title to property in the state in an escheat proceeding under Subchapter B.
Terms Used In Texas Property Code 71.001
- Escheat: Reversion of real or personal property to the state when 1) a person dies without leaving a will and has no heirs, or 2) when the property (such as a bank account) has been inactive for a certain period of time. Source: OCC
- Intestate: Dying without leaving a will.
- Personal property: All property that is not real property.
- Property: means real and personal property. See Texas Government Code 311.005