79Administration of small estates

79 Administration of small estates (1) This section applies if— S. 79(1)(a) substituted by No. 80/2014 s. 25(1). (a) the value of an estate is estimated not to exceed the maximum monetary value specified in section 71(1A); and S. 79(1)(b) amended by No. 80/2014 s. 25(2). (b) State Trustees could apply under section 5 of the **State Trustees (State Owned Company) Act 1994** or section 9, 10 or 11 of the **Trustee Companies Act 1984** for a grant of probate or administration of the estate. S. 79(2) amended by No. 80/2014 s. 25(3). (2) State Trustees must give a notice of intention to administer the estate under this section in accordance with the Rules. S. 79(2A) inserted by No. 80/2014 s. 25(4). (2A) State Trustees must file the deceased's will, if one exists, with the registrar of probates as soon as practicable after giving notice under subsection (2). (3) State Trustees is to be taken to have been granted probate of the will or administration of the estate at the expiry of 14 days after the publication of the notice. S. 79(3A) inserted by No. 80/2014 s. 25(5). (3A) If in the course of administering an estate to which this section applies the value of the estate is found to exceed 120 per cent of the maximum monetary value specified in section 71(1A), State Trustees must, as soon as practicable— (a) notify the registrar of probates in writing of that fact; and (b) apply for a grant of probate or administration of the estate. (4) This section does not affect the right of any person to recover the whole or any part of any payment made or property delivered under this section from any person who received it from State Trustees. Part III—Recognition of foreign grants No. 3632 s. 80.