More money for the Treasury!

The Times reports (17 May 2013)  that the value of estates belonging to people who died without making a will and had no heirs has almost doubled in 12 months.

‘The value of estates belonging to Britons who die without a will or an heir has almost doubled in 12 months, swelling the coffers of the Treasury and the duchies of Cornwall and Lancaster.Unclaimed assets totalled £38.5 million last year, a rise of 91 per cent on the year before, research by the law firm Pannone has found. Under laws dating back to medieval times, all ownerless assets in England and Wales – bona vacantia – either pass to the Treasury or to the two duchies.’

 

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