Page 4 of 5 FirstFirst ... 2345 LastLast
Results 31 to 40 of 41

Thread: Wills.

  1. #31
    Join Date
    Jul 2006
    Location
    Brisbane, Inner East.
    Posts
    11,178
    Total Downloaded
    0
    My wife, an accountant and conveyancer, was the executor of the will of a frail aged aunt (died at 92) who had been in a retirement/nursing home for many years. Her estate was quite simple, the deposit held by the nursing home and a modest savings account. The value of the estate was less than that required to go to a Grant of Probate. The nursing home would not pay out the deposit until they sighted a Grant of Probate. The original copy of the will and the death certificate were not sufficient they said and would not budge. So the unnecessary expense against the estate of employing a legal firm and going to the Supreme Court for a Grant of Probate was incurred. My wife was furious and the admin staff at the nursing home got a proper tongue lashing to no avail.

    By the way, you can't write unworthy rellies out of a will (Testators Family Maintenance Act) unless it states that they are getting nothing because they were not dependant on the deceased or the estate and during the testators life they had received valuable consideration. In other words they had already got their share. A solicitor mate told me that if you are planning to cut out the bludgers and urgers from your estate it is best to do the above but leave each of them a modest sum and list the "valuable considerations" they have received. You can leave your estate to the pet's home or your mistress but it needs to be done by a skilled law firm.
    URSUSMAJOR

  2. #32
    Join Date
    Jan 2017
    Location
    Geraldton WA
    Posts
    8,284
    Total Downloaded
    0
    I have bugger all to leave anyone so not having a will is not that much of an issue for me
    You only get one shot at life, Aim well

    2004 D2 "S" V8 auto, with a few Mods gone
    2007 79 Series Landcruiser V8 Ute, With a few Mods.
    4.6m Quintrex boat
    20' Jayco Expanda caravan gone

  3. #33
    Join Date
    Sep 2010
    Location
    The Hills.
    Posts
    19,182
    Total Downloaded
    152.79 MB
    Quote Originally Posted by RANDLOVER View Post
    On the subject of details, I've heard that naming a beneficiary in a will and/or super can lead to problems if it's not the same one or same shares/percentages. Pro'ly best to make sure they are identical in each/all, with legal advice ofcourse.
    Hmm. My mum has had two different wills drawn up by lawyers years apart to leave the bulk of her estate to three of her children, with a fourth to receive a nominal sum as she had not contacted any of the family for ten years. Those lawyers saw no problem, and said it would be incontestable. That her financial situation is far better than the rest of us was taken into account. I have since convinced mum to change it so we are all equal. My wife was a midwife at one of that particular sister's childbirth's. Since her death I am seeing things in a different light.
    ​JayTee

    Nullus Anxietus

    Cancer is gender blind.

    2000 D2 TD5 Auto: Tins
    1994 D1 300TDi Manual: Dave
    1980 SIII Petrol Tray: Doris
    OKApotamus #74
    Nanocom, D2 TD5 only.

  4. #34
    Join Date
    Sep 2010
    Location
    The Hills.
    Posts
    19,182
    Total Downloaded
    152.79 MB
    Quote Originally Posted by trout1105 View Post
    I have bugger all to leave anyone so not having a will is not that much of an issue for me
    In that case, can I have your Disco? At least I know it goes.
    ​JayTee

    Nullus Anxietus

    Cancer is gender blind.

    2000 D2 TD5 Auto: Tins
    1994 D1 300TDi Manual: Dave
    1980 SIII Petrol Tray: Doris
    OKApotamus #74
    Nanocom, D2 TD5 only.

  5. #35
    Join Date
    Jan 2017
    Location
    Geraldton WA
    Posts
    8,284
    Total Downloaded
    0
    Quote Originally Posted by johntins View Post
    In that case, can I have your Disco? At least I know it goes.
    I am taking that with me
    You only get one shot at life, Aim well

    2004 D2 "S" V8 auto, with a few Mods gone
    2007 79 Series Landcruiser V8 Ute, With a few Mods.
    4.6m Quintrex boat
    20' Jayco Expanda caravan gone

  6. #36
    Join Date
    Mar 2012
    Location
    Melbourne
    Posts
    258
    Total Downloaded
    0
    For those of you that don't have wills - the law around dying intestate is dependent upon the State you live in. If you were resident in Tasmania the estate will be divided up amongst all of your living relatives. If you were resident in NSW, it will be taken by the State. Having an up-to-date will is really important, no matter how big or small the estate will be. And by the way, make sure you leave an envelope with all of your passwords behind...

  7. #37
    p38arover's Avatar
    p38arover is offline Major part of the heart and soul of AULRO.com
    Administrator
    I'm here to help you!
    Gold Subscriber
    Join Date
    Jan 1970
    Location
    Western Sydney
    Posts
    30,706
    Total Downloaded
    1.63 MB
    Quote Originally Posted by aussearcher View Post
    And by the way, make sure you leave an envelope with all of your passwords behind...
    Send them to me for safe-keeping.
    Ron B.
    VK2OTC

    2003 L322 Range Rover Vogue 4.4 V8 Auto
    2007 Yamaha XJR1300
    Previous: 1983, 1986 RRC; 1995, 1996 P38A; 1995 Disco1; 1984 V8 County 110; Series IIA



    RIP Bucko - Riding on Forever

  8. #38
    Join Date
    Sep 2010
    Location
    The Hills.
    Posts
    19,182
    Total Downloaded
    152.79 MB
    Quote Originally Posted by aussearcher View Post
    And by the way, make sure you leave an envelope with all of your passwords behind...
    I only have one password. Well, One Password. It's a highly secure app that stores all of my other passwords, so I only have to remember one. Apple's Keychain app is also good for this. I'm sure there are others.
    ​JayTee

    Nullus Anxietus

    Cancer is gender blind.

    2000 D2 TD5 Auto: Tins
    1994 D1 300TDi Manual: Dave
    1980 SIII Petrol Tray: Doris
    OKApotamus #74
    Nanocom, D2 TD5 only.

  9. #39
    Join Date
    Mar 2012
    Location
    Melbourne
    Posts
    258
    Total Downloaded
    0
    And does your Executor know how to get in? Sites such as LinkedIn won't necessarily take down member profiles even if presented with death certificates. A deceased friend's wife has been trying for two years to clean up his social media "presence", causing her a great deal of angst. Much easier if someone has all the required user names and passwords and can just get in and delete...

  10. #40
    Join Date
    Feb 2007
    Location
    Perth
    Posts
    3,916
    Total Downloaded
    0
    Quote Originally Posted by aussearcher View Post
    ... If you were resident in NSW, it will be taken by the State.
    Not necessarily true, only if there are no eligible relatives.

    If you do die without a will (known as 'intestate'), your estate does not automatically pass to the State (Crown), as is often assumed. The Succession Act 2006 (NSW) sets out the order in which your eligible relatives will inherit your estate. It is only if you die without eligible relatives that your estate will pass to the State
    2024 RRS on the road
    2011 D4 3.0 in the drive way
    1999 D2 V8, in heaven
    1984 RRC, in hell

Page 4 of 5 FirstFirst ... 2345 LastLast

Tags for this Thread

Bookmarks

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Search AULRO.com ONLY!
Search All the Web!