The Hungarian state takes in revenues of Ft 8.5 million to Ft 11 million (roughly €33,000 to €42,000) annually from selling inheritances, writes Origo.hu, based on a report in daily Népszabadság. This amount is then turned toward decreasing the state debt.
State-owned Kiving Kft inherited items 850 times in the previous year, and the company is expected to receive a similar total this year. In 2007, 59 deposit books and 10 cars worth a total of Ft 52 million were left to the state.
Effective laws say that property left to the state due to a lack of a will or heir is to be considered a treasury asset. While disinherited relatives of the deceased often attack the will at court, they have little chance at winning, since in the case of incorrect wills, it is the state that receives the inheritance.
Five residential buildings and 19 apartments were also transferred to state ownership last year, but the selling of real estate inherited by the state was suspended. The properties are still empty, and the most valuable of them are being protected. Hungarian National Asset Manager (MNV) will evaluate whether the properties are appropriate for performing state tasks, such as housing homeless people, or if the state can find some other use for them.