Feb 23 • 08:57 UTC 🇮🇸 Iceland Visir

Proposal for estates without heirs to go to a public welfare fund

A proposal has been made in the Icelandic parliament for a new public welfare fund that would receive assets from estates with no legal heirs, as proposed by MP Rósa Guðbjartsdóttir.

Rósa Guðbjartsdóttir, a member of the Independence Party, has introduced a legislative proposal in the Icelandic parliament advocating for the establishment of a public welfare fund. This fund would receive the assets of estates that do not have legal heirs, redirecting funds that would typically go directly into the national treasury. Rósa emphasized the significance of these funds, mentioning that while they may not significantly impact the state budget, they could have substantial benefits for public welfare organizations.

In a recent interview, Rósa discussed her proposal further, stating that many public welfare organizations could greatly benefit from such financial resources. The plan includes creating a fund managed by a special board responsible for distributing the assets to various approved projects within these organizations. Rósa’s experience working with public welfare organizations underscores her commitment to ensuring that these funds are utilized effectively to support community needs.

Overall, this legislative initiative reflects a growing recognition in Iceland of the potential for unclaimed estates to contribute to social welfare rather than merely feeding into government coffers. The proposal could pave the way for significant financial support for non-profit organizations, enhancing their ability to address community issues and improve lives in Iceland.

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