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Escheat refers to the reversion of property to a government entity in the absence of legal claimants or heirs.

Escheat is the forfeiture of all property (including bank accounts) to the state treasury if there are no heirs, descendants or named beneficiaries to inherit or assume the property upon the death of the last known owner.

This process also affects businesses, who owe property, money, or merchandise to the decedent but who have no one to whom to deliver it. This property also reverts to the state and it is the state's responsibility to locate the proper persons and/or dispose of the escheated property (in whatever form it exists) according to state law.

For any further Michigan-specific information you will have to contact:

Unclaimed Property Division

Michigan Department of Treasury

P.O. Box 30756

Lansing, MI 48909

1-517-636-5320

Includes a searchable interface to the name database.

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