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Acceptance of bequest - Mrs Lilian Eileen Holt

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A decision made (01.08.07) to approve the acceptance of the bequest of Mrs Lilian Eileen Holt (nee Cunnington).

Subject:

Acceptance of Bequest : Mrs Lilian Eileen Holt (née Cunnington)

Decision Reference:

MD-PH-2007-0064

Exempt clause(s):

none

Type of Report: (oral or written)

Written

Person Giving Report (if oral):

N/A

Telephone or

e-mail Meeting?

N/A

Report

File ref:

NS/2074

Written Report –

Title

Acceptance of Bequest; the estate of the late Mrs Lilian Eileen Holt (née Cunnington)

Written report - author

Neil Sproston

Decision(s):

1. The Minister approved, as recommended by Property Holdings, acceptance of the most generous bequest of the late Mrs Lilian Eileen Holt (neé Cunnington) comprising a one tenth share of her moveable and immoveable estate for Health and Social Services for the benefit of the Jersey Diabetic Society to be applied to the treatment of Diabetes in the Island of Jersey.

2. Under Standing Order 168 (1) (a) and 168 (3) the Minister hereby notified the States that he had accepted the recommendation of Property Holdings to agree to the above land transaction.

3. Under Standing Order 168 (5) the Minister hereby authorised the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public.

After the expiry of 15 working days following presentation to the States the transaction may be concluded.

Reason(s) for decision:

Under Standing Order 168 (1) (a) and 168 (3) the Minister is required to notify the States of his acceptance of recommendations to dispose, acquire, let or rent land on behalf of the Public of Jersey.

Action required:

1. In accordance with Standing Order 168 (3) this decision must be presented to the States at least 15 working days before the contract is passed. After the expiry of 15 working days following presentation to the States the transaction may be concluded.

2. The Director of Property Holdings is to instruct the Attorney General and the Greffier to pass the necessary contract, and to copy this decision to the Minister, Treasurer and Assistant Treasurer.

Signature:

(Assistant Minister)[1]

Deputy J A N Le Fondré

Date of Decision:

MD-PH-2007-0064

 

 

 

 

 

Acceptance of bequest - Mrs Lilian Eileen Holt

TREASURY AND RESOURCES DEPARTMENT

PROPERTY HOLDINGS

Property Transaction for Ministerial Decision - Minister for Treasury and Resources

Acceptance of Bequest ; Estate of the late Lilian Eileen Holt (n ée Cunnington)

NS/2074

Purpose

To seek the approval of the Minister for Treasury and Resources to accept the bequest of the late Mrs Lilian Eileen Holt (née Cunnington).

Background

In her last Will and Testament of moveable and immoveable estate dated 1st August 2005 , the late Lilian Eileen Holt (née Cunnington) bequeathed a one tenth share of their value to Health and Social Services. The bequest is conditional on the basis that it has to be used for the “Jersey Diabetic Society” and applied to the treatment of Diabetes in Jersey.

At the time of her death Mrs Holt’s immoveable estate consisted of a property, 6 Dene Close , St. Brelade, Jersey, with moveable estate being valued at £410,000.

Stamp duty has been paid in respect of the immoveable estate (£10,500) and moveable estate (£2,800). Insurance has been secured on behalf of all the benefactors in the event of a challenge of the Wills within a period of one year and one day.

Current Situation

Following the marketing of the above property on the open market by Messrs. Alder and Cunnington, a sale price has been agreed with a prospective purchaser at £675,000.

It is now necessary for the Minister for Treasury and Resources to confirm acceptance of the bequest, which is summarised as follows;-

Moveable Estate- one tenth share £41,000

Immoveable Estate - one tenth share £67,500

£108,500

Less Stamp Duty /Insurance –one tenth share £1,450

Approximate Value of Bequest £107,050

Recommendation

The Minister for Treasury and Resources is recommended to confirm acceptance of the most generous bequest of the late Mrs Lilian Eileen Holt (neé Cunnington) comprising a one tenth share of her moveable and immoveable estate for Health and Social Services for the benefit of the Jersey Diabetic Society to be applied to the treatment of Diabetes in the Island of Jersey.

Written By: Neil Sproston

Signature …………………………

Authorised By: Eric le Ruez

Signature ………………………… Date 31 July 2007

 

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