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Seanad
‹ An tOrd Gnó - Order of Business

Safe deposit vaults and wills Bill

Summary

Senator Leyden discusses safe deposit boxes, dormant accounts and the need for a wills Bill, welcoming progress on the Registration of Wills Bill. Senator Humphreys briefly interjects before Leyden continues.

At a meeting of the Joint Committee on Rural and Community Development, Jim Connolly, a former bank official, called safe deposit vaults a "medieval lost and found". They are in all banks and the Bank of Ireland in Dublin has serious vaults.

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On St. Stephen's Green.

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The committee is looking into the issue and they are looking at the Dormant Accounts Act 2001 in this regard. It is proof positive that there is need for a wills Bill. Many of those deposit boxes are contained within a will which has never been found. The safe deposit box is now in the banks, lying dormant and never to be opened. It is about time we looked at the situation. I welcome the passage of the Registration of Wills Bill 2016, which was co-sponsored by Senator Catherine Ardagh, our leader in the House, as well as our deputy leader, Senator Clifford-Lee. It will now go to Dáil Éireann and I will work with our spokespersons and Members of the Dáil to make every effort to enact the Bill. I express my thanks to all the parties on the Government side who took a courageous decision to support a Bill that is in the public interest.

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