1. Legal basis

According to Article 1185 of the Civil Code, where no heir acknowledges the succession, on the expiration of the period provided in Article 1178 of the Civil Code, such part of the property of the deceased as remains over after the settlement of claims and the delivery of legacies accrues to the National Treasury.

2. Timing of the escheat

The court-appointed manager for the property of the deceased should settle all outstanding rights and obligations, discharge all debts including taxes and fees, and delivery legacies. The manager should calculate the remaining properties by his or her authority, the cash portion of which should be turned over to the National Treasury and the non-cash portion should be turned over to the National Property Administration, Ministry of Finance.

3. Methods of turning over residual cash

(1)Complete a National Treasury Pay-In Slip and bring cash (or check payable on demand) to a national treasury agent bank to make the payment.

(2)Bring a remittance voucher and cash (or check payable on demand) to any financial institution to make the payment.