According to Article 1185 of the Civil Code, where no heir acknowledges the succession, on the expiration of the period provided in Article 1178, such part of the property of the deceased as remains over after the settlement of claims and the delivery of legacies accrues to the Treasury. The court-appointed estate manager (e.g., lawyer, accountant, land administration agent, etc.) responsible for handling the surplus cash of unacknowledged estates should adhere to the following guidelines:
1. Timing
After clarifying related rights and obligations, settling debts (including taxes and fees), and delivering legacies, the estate administrator shall calculate the remaining assets and deposit the cash portion into the National Treasury. Non-cash assets should be handled through the National Property Administration, Ministry of Finance.
2. Methods
Method 1: Bring the payment slip to a bank handling National Treasury transactions (either in cash or with an immediate check). No handling fee is required.
Method 2: Make a transfer at a bank, agricultural or fishery association, credit cooperative, or post office. Handling fees will be charged according to the rates of the respective financial institution.
3. After completing the above procedures and obtaining court approval to terminate the estate administrator's duties, please send the following documents to the National Treasury Department:
(1) A copy of the second part of the payment form or remittance receipt, stamped by the financial institution.
(2) Estate administration report, together with copies of relevant documents.
(3) Copies of court documents, such as the court ruling on the appointment of the manager and the manager's remuneration, approval for public notice, documents submitted to the court detailing the estate, the court's approval of the completion of duties, etc.
4. If the submitted documents are confirmed to be in order, no further correspondence will be issued. For further inquiries, please contact (02) 2322-8000 extensions 8397, 8514, or 8048.