Escheat

Escheat is like when you forget about a toy and someone else gets to play with it. But instead of toys, it's about money and property that people forget they own. If the people who own the money or property forget about it and don't use it for a really long time, the law says it has to go to the government. This is called escheat. The government will keep the money or property safe until someone who knows about the money or property comes forward to claim it. It's like the government is babysitting the money or property until the owner comes back to get it.