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Public and private sectors jointly manage the property not claimed by anybody for inheritance to protect the rights and interests of obliges and increase national treasury revenues

To make the management of property not claimed by anybody for inheritance more comprehensive, protect the rights and interests of obliges, and increase national treasury revenues, the National Property Administration calls for lawyers, accountants, and land administration agents with professional knowledge and skills to serve as the manager for the property of the deceased.
The National Property Administration says that in accordance with the provisions of the Civil Code concerning properties not claimed by anybody for inheritance, where the heir waives his or her right to the inheritance or it is not clear whether there is an heir, any interested party or public prosecutor may apply to the court for appointment of a manager for the property of the deceased. After the application is received, the court may review the case details and inquire about the willingness of the appropriate person to serve as a manager for the property of the deceased. The functions of a manager for the property of the deceased are to collect the deceased’s property and clarify the connection between obligatory rights and debts. If the property of the deceased remains after the settlement of claims and the delivery of legacies, it will accrue to the National Treasury. The functions of a manager for the property of the deceased involves legal, business, and land administration fields, as well as relevant legal proceedings. Therefore, it is hoped that lawyers, accountants, and land administration agents with the aforementioned professional knowledge and skills will take the position for the public good. Should these experts agree to serve as the managers for the property of the deceased upon the inquiry of the court, their areas of expertise will be helpful for making the management of property not claimed by anybody for inheritance more comprehensive and giving greater assurance of rights and interests of obliges. And the property remaining will then accrue to the national treasury.
The National Property Administration also says that as a manager for the property of the deceased, the Administration and its branches still have 1,888 cases in hand as of May 2021. Due to various intricate works of property management, along with common problems such as “the legacy of the deceased is greater than the inheritance, which often involves in legal proceedings,” “the legal connection between the rights and debts of the deceased is complicated and difficult to handle,” and “no one buying when the tender is enforced by law, and the debts remain unsolved,” resulting in a time-consuming process.
To facilitate the working process of the legacy cases in hand, the National Property Administration made annual plans between 2015 and 2017, and then made a 4-year plan in 2018. The plan aims to decrease the number of unsolved legacy cases by studying and analyzing the countermeasures on a case-by-case basis. From 2018 to May 2021, 886 cases have been resolved, and a total of NT$3.84499 billion have been accrued to the National Treasury (974 pieces of land, 73 houses and buildings, and more than NT$701.18 million in cash).

Press Release Contact: Hou, Qiong-Lin, Section Chief
Contact Number: 02-27718121 ext. 1111
 

Issued:National Property Administration Release date:2021-06-25 Last updated:2021-06-24 Click times:211