Abandonment is the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the owner can’t be located or contacted is an example of abandonment. The laws of escheat may cause the property to be taken control by the state.
Latest posts by Rachel Damianou (see all)
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- Government considers how wills should be signed in light of the COVID-19 situation - 11th May 2020
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- Cryptocurrency owners – have you made a will? - 9th January 2020