Escheatment

I hadn't heard of it. A property "escheats" when it returns to the state because it has been abandoned or left by a person who dies with no legal errors.

Why a $6 million word? Because the Cook County comptroller found $6 million in something called the "Treasurer Indemnity Fund Escheatment."

After a few other findings, like the $14.1 million from the "Unknown Heirs Legal Settlement," amazingly the 2004 Cook County budget was in balance, as the law demands. Methinks I smell a rat! Shall we call this "Enronomics?"

Have you ever heard of "escheatment?" Perhaps it is just a U.S. word.

quote:

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...a person who dies with no legal errors.

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To err is human, to forgive infrequent. -- Franklin P. Adams