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APR 28, 2013 - Forbes

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N.Y. State Could Get $40 Million From Man Who Died Without A Will

Nearly 2.5 million Americans died last year, many without signing a will. One of them was apparently Roman Blum, a Holocaust survivor and New York real estate developer who was worth almost $40 million when he passed away in January 2012 at the age of 97. A worldwide search for heirs since then hasn't turned up any living relatives. If, after three years, there's still no sign of his doing any estate planning and no one comes forward to claim his assets, all that money will go to New York State, under a legal rule called escheat.

Tags: N.Y. State Could Get $40 Million From Man Who Died Without A Will,  Holocaust Latest News