Oireachtas Joint and Select Committees

Thursday, 25 September 2025

Public Accounts Committee

Business of Committee

2:00 am

Mr. Seamus McCarthy:

Yes. Where there are no beneficiaries of an estate, it accrues to the State by law. Any resources are lodged first to the intestate estates fund account. They may be held there for a period because there may be expenses in finalising matters but, ultimately, the bulk of that €3.2 million may be brought to the Exchequer. It is at the discretion of the Minister for Finance, Deputy Donohoe, advised by the Department of public expenditure, as to when and what amounts should be brought to the Exchequer.