Written answers

Tuesday, 13 November 2012

Department of Finance

Succession Act 1965

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will provide a list detailing the property vested in the State since 8 March 2011 pursuant to section 73 of the Succession Act 1965, showing the name of the deceased and a brief description of the property. [49498/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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Section 73 of the Succession Act 1965 provides that, where a person dies intestate and without known next-of-kin, the estate of that person shall be taken by the State as ultimate intestate successor.

Where an estate falls to the State under Section 73, it is administered by the Chief State Solicitor under the direction of the Attorney General. Depending on the extent and nature of the estate, this process may involve the extraction of letters of administration from the High Court and advertising for next-of-kin. When it is established that there are no known next-of-kin, the proceeds of the estate are paid into the Intestate Estates Fund Deposit Account.

No real property i.e. land or buildings has been vested in the State, under the provisions of Section 73 since 8 March 2011. However net amounts totalling €0.28million have been paid into the Intestate Estates Fund Deposit Account, representing the monetary value of estates which were escheated to the State under Section 73. This amount mainly represented the proceeds of savings held by deceased persons.

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