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Wednesday, 3 February 2016

Estates worth RM60bil left unclaimed

TANGKAK: Estates of the deceased worth RM60bil have not been claimed by their heirs since independence.

Natural Resources and Environment Deputy Minister Datuk Hamim Samuri blamed this on the heirs’ ignorance and apathy. The figures were obtained through records from the Department of Director General of Lands and Mines (JKPTG) through the Estate Distribution Division (BPP) under the ministry.

“The attitude of not wanting to know the procedures or which agency should manage the estate distribution is also a reason for the heirs failing to initiate measures to claim their inheritance.

“There are also beneficiaries who consider the process of applying for division of property as slow, expensive and inconvenientt.

“This has caused the deceased estates to be frozen, leaving the land idle.

“Most importantly, this can lead to others claiming the property," he said when opening a forum and briefing On Small Estates Management, here.

He said besides JKPTG, other agencies that manage applications for the distribution of inheritance are the High Court and Amanah Raya Bhd. – Bernama

Tags / Keywords: Southern & Eastern Region , Natural Resources and Environment , Datuk Hamim Samuri

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