Property Ownership
In Alaska, 'escheat' refers to the process by which:
AThe government takes property through eminent domain
BProperty with no lawful heirs passes to the state upon the owner's death✓ Correct
CA lender forecloses on a mortgage
DA court distributes property under a will
Explanation
Escheat is the reversion of property to the state when an owner dies without a will (intestate) and without any identifiable heirs. Alaska's intestacy laws establish how property is distributed among relatives, but if no heirs can be found, the property escheats to the state.
Related Alaska Property Ownership Questions
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