FREE BOOKLET
WHAT IS PROBATE?
This booklet will help you to understand what Probate is, how it works and how Kingston Lawyers can give you the peace of mind, by handling the entire process for you.
DC. 20110824
ACN: 150 824 678
ABN: 98 150 824 678
OFFICE LOCATIONS:
5/45 William Street
Melbourne, Vic, 3000
AND
8 Station Road
Cheltenham, Vic. 3192
TELEPHONE
(03) 9585 - 6455
FACSIMILE
(03) 9585 - 6544
WEBSITE
www.kingstonlawyers.com.au
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TABLE OF CONTENTS
1. WHAT IS PROBATE? .................................................................................................................. 4
2. APPLICATION FOR A GRANT OF PROBATE ............................................................................... 4
3. DYING WITHOUT A WILL .......................................................................................................... 5
4. IS PROBATE OF A WILL ALWAYS REQUIRED? ........................................................................... 6
5. SMALL ESTATES ........................................................................................................................ 7
6. DUTIES OF EXECUTORS ............................................................................................................. 7
7. LIFE ASSURANCE AND SUPERANNUATION ............................................................................... 8
8. THE ROLE OF THE SOLICITOR .................................................................................................... 9
9. DEATH DUTIES .......................................................................................................................... 9
10. ADVERTISING NOTICES TO CREDITORS AND OTHERS ............................................................... 9
11. EXECUTOR’S COMMISSION ..................................................................................................... 10
12. CLAIMS AGAINST THE ESTATE................................................................................................. 11
13. CAPITAL GAINS TAX ................................................................................................................ 11
14. INCOME TAX ........................................................................................................................... 13
15. LEGAL COSTS AND EXECUTOR COMMISSION ......................................................................... 14
16. QUESTIONAIRE – PROBATE DATA INFORMATION .................................................................. 15
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We would like to offer our deepest condolences on the recent
loss of your loved one.
We can appreciate that at a time like this, matters to do
with their estate can be very confusing, frustrating, confronting and the very
last thing you want to discuss.
This booklet has been created for you, to help you understand the process and
the different facets of Probate that need to be coordinated over the coming
months.
Now reading this information will come as a bit of a whirlwind, and we
completely understand this. Our firm are able to handle your Probate with the
utmost sensitivity and professionalism, managing the entire processes on your
behalf, swiftly; so you don’t have to worry.
Should you wish to move forward with Probate through Kingston Lawyers,
all you have to do is complete the information at the back of this booklet and
send it back to us.
We would be more than happy to sit with you and discuss the information in
this booklet and your personal situation further, should you choose.
We trust we can be of assistance in helping you with this very difficult
transition
Yours faithfully,
Stephen Lucas
LLB(Hons) M.A.I.C.D.
Principal Director
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1. WHAT IS PROBATE?
1.1 Probate is derived from Latin words meaning a “thing proved” or the
verb “prove”.
1.2
In particular the word Probate is used to describe the official verifying
of a will or the document which certifies to that official verifying
process.
1.3
You will appreciate that when a person dies leaving a will which seeks
to dispose of that deceased person’s assets, in general there needs to
be an official procedure to confirm that the particular will is a properly
made and acceptable will of that deceased person and that the
executors named in the will as the persons having the rights and
obligations to deal with the assets of the deceased have been properly
appointed and are willing to act as executors.
1.4 The actual process of formally verifying the will is a function of the
Supreme Court of Victoria but generally speaking the process is dealt
with in an administrative manner by the official known as the Registrar
of Probates and that person’s staff. It is only on the rare occasions
when there is a serious difficulty about the will encountered during the
consideration of the will that the question of its validity may be
referred by the Registrar to the Supreme Court for adjudication or if
there is a claim made on the Will.
2. APPLICATION FOR A GRANT OF PROBATE
2.1 The executors named in the will of a deceased person are required to
complete a formal application to the Supreme Court for a Grant of
Probate of the will of the deceased as soon as possible.
2.2 The executors will normally engage a solicitor to prepare the documents
involved in the application for Probate. In addition, the estate solicitor
will assist the executors in realising the assets of the deceased in such
ways as closing bank accounts, arranging for the sale of shares,
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transferring real estate to beneficiaries or attending to the sale of real
estate.
2.3 The first step in the process of applying for Probate is the insertion of
an advertisement with the Supreme Court indicating an intention by
the executors to apply for Probate of that Will.
2.4 After details of all assets and liabilities of the deceased are clearly
established, the solicitor will prepare all documents and lodge them
with the Registrar of Probates accompanied by payment of the amount
of a Government charge. *
2.5 At the time of lodging the application the solicitor will effect various
required searches of Government Registers (among other things to
ensure that an earlier application has not been made in relation to the
same deceased person in relation to another will not known about by
the executors in the present application).
2.7 The formal granting of Probate and the issue of the document of
certification normally takes only a matter of some days after the
documents of application are lodged. The actual document of
certification (with a copy of the will attached) is issued on old style
parchment paper and is known as the Probate Parchment.
2.6 In dealing with assets of the deceased the executors will be required to
provide certified copies of the Probate Parchment certified as copies
by the estate solicitors.
* At July 2016, the charge was $313.70 which is payable to the
Supreme Court.
3. DYING WITHOUT A WILL
3.1 If a person dies leaving assets but a valid will made by that person
cannot be found, the relevant procedure to be followed is called an
Application for Letters of Administration.
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3.2 A similar procedure is required where there is a will but no executor has
been properly appointed in the will or all of the named executors have died
before the deceased person whose will it is sought to prove (verify). The
process is then called an Application for Letters of Administration with the
Will Annexed.
3.3 The procedure involved in an application for Letters of Administration
is more complex and more costly than an Application for Probate of a
Will.
3.4 If a person dies without leaving a will the assets of the deceased person
will be dealt with in accordance with provisions as to disposal set out
in legislation of which the more noteworthy aspects are as follows:
If a person dies without leaving a will, the assets of that person will pass as
follows:
If the person leaves relatives as
follows:
The assets will be distributed as follows:
1 Spouse and no children All to spouse
2 Spouse and children (a) Personal chattels to spouse
(b) If estate worth less
than $100,000 all to spouse
(c) If estate worth more
than $100,000 spouse receives:
(i) $100,000 plus
(ii) Interest plus
(iii) One-third of balance and
(d) Two-thirds of balance to children
3 No spouse, no children (and no
children deceased at an earlier time) but father and mother
Equally between father and mother
4 No spouse, no children, no mother
but father or mother only
To the father or mother as the case may be
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5 Next of kin in equal degree (e.g
brothers and sisters)
To brothers and sisters
6 No next of kin beyond brothers and
sisters’ children
To The Government
3.5 In the case of an Application for Letters of Administration it may be
necessary to provide a guarantee or an insurance bond to guarantee the
due administration of the estate by the executors. If an insurance bond
is required, a fee must be paid to obtain it.
3.6 Domestic Partners
Legislation was introduced during 2001 to alter the entitlements of a
person to participate in the estates of deceased persons who die without
leaving a will with particular effect in the case of same sex
relationships and de facto relationships.
The legislation speaks now of persons who were “domestic partners”
of the deceased and provides that where a domestic partner of the
deceased had lived with the deceased for two years or more, or is the
parent of a child of the deceased, then the domestic partner will take
the “spouse’s share”.
Additional provisions cover the situations where the deceased had both
a domestic partner and a spouse.
These provisions are complex and at the very least provide another
compelling reason for people in such relationships to be sure to leave
a valid will.
4. IS PROBATE OF A WILL ALWAYS REQUIRED?
4.1 Obviously if a person leaves a will but leaves no assets then no
Application for Probate will be required.
4.2 If a deceased person owned title to real estate such as a principal
residence jointly with that person’s spouse (or jointly with some other
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person), then the interest in the title of the deceased person passes upon
death to the surviving joint proprietor by operation of law. This is
called Survivorship. In relation to real estate the title must be
transferred into the name of the surviving proprietor by the use of a
form known as a Survivorship Application. This should sensibly be
attended to by a solicitor but if the deceased did not leave other assets,
it will not be necessary to make an application for Probate of the will
of the deceased. This is because that joint asset is not an asset of the
estate of the deceased and does not pass under the deceased’s will. It
will of course form part of the estate of the survivor upon that person’s
death.
Similar considerations apply in relation to a jointly owned bank
account.
4.3 Ownership which is “joint” must be distinguished from other forms of
ownership of property by more than one person. If a title is held by
two or more persons as “tenants in common” (generally but not always
in equal shares) then the share of the ownership by the deceased passes
under the will of the deceased and application for Probate of the will
is likely to be required in relation to the deceased person’s share.
4.4 Sometimes a deceased person may die owning very few assets such as
a small bank account balance or a handful of small investments. In
such cases, it may be possible to avoid the necessity for making formal
application for Probate of the will of the deceased. This will depend
firstly upon whether the institution (bank or company) with which the
investment is held is agreeable to releasing the asset in the name of the
deceased to the deceased’s family or beneficiaries without the
necessity of applying for a Grant of Probate. In some cases this can be
done. The second requirement will be that the executor appointed by
the will feels comfortable with arranging informal disposition of the
small amount of assets held without the official authority of the
Supreme Court. This procedure will never be available for dealing
with title to real estate or other substantial assets.
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5. SMALL ESTATES
5.1
There are special legislative provisions applicable to Probates of wills
of estates which are classified by the legislation as being “small”.
5.2
A small estate is one where the value of the property left by the
deceased is less than $25,000 or, if the people to benefit under the will
are the deceased person’s spouse or children or a widowed mother of
the deceased, then less than $50,000.
5.3 A small estate can be attended to by the Registrar of the Magistrates
Court or the Registrar of Probates for a fixed small fee which can
eliminate the need to engage a solicitor to assist with making the
application for Probate.
6. DUTIES OF EXECUTORS
An executor is the person to whom the execution of a Will, that is, the duty
of carrying its provisions into effect, is confided by the testator or (Will
maker).
The duties of an executor are:
1. To arrange for the funeral.
2. To prove the Will (generally through a solicitor) and to locate the next
of kin.
3. To administer the estate personally.
4. To collect and preserve the assets of the estate and to arrange any
insurance of those assets as required.
5. To ascertain and pay any debts of the estate.
6. To be responsible for income tax returns of the deceased to the date of
death, and of the estate to the date of distribution.
7. To keep proper accounts and records of estate assets and liabilities, and
of their distribution and payments.
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8. To distribute the net assets of the estate among the beneficiaries.
9. The executor also carries a general duty to act honestly, impartially and
without enrichment.
Being an executor is very often a time consuming and difficult task. It
also carries very serious legal responsibilities.
It is possible in some cases for an executor named in a will who does
not wish to accept the position to “renounce” Probate and decline to
act.
7. LIFE ASSURANCE AND SUPERANNUATION
7.1 Quite frequently the person whose life is assured under a life policy is
not actually the owner of the policy. The policy and the proceeds of
the policy payable on the death of the life assured may be owned by a
spouse or other relative and on some occasions by a business partner
or a private company in which the deceased held an interest. If the
policy is not owned by the deceased then the proceeds will not form
part of the estate of the deceased and do not pass under the will of the
deceased.
7.2 Of course quite often the deceased will own the policy as well as being
the person whose life is assured under it so the proceeds will form part
of the estate and pass to the beneficiaries named in the will.
7.3 In general, the name of the owner will be set out in the policy
document.
7.4 Sometimes a life policy may be part of the security for a loan and the
proceeds must be paid to the lending institution to discharge the loan.
7.5 Sometimes a deceased person may own a life policy upon the life of
another, again such as the spouse of the deceased. In such a case the
value of the unrealised policy (generally the surrender value) will form
part of the estate of the deceased person and pass under the will to the
beneficiaries mentioned in the will. This will happen if the policy
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document does not make some alternative provision for transferring
the ownership of the policy. Upon the death of the life assured, the
proceeds of the policy will then pass to the new owner if that person is
not the life assured.
7.6 Where a deceased person is a member of a superannuation fund at the
time of death, the death benefits entitlement of the member will
normally pass to persons who have been nominated by the deceased in
writing to the trustees of the superannuation fund during the lifetime
of the deceased. Where no
appropriate nomination has been made, the death benefits entitlement
of the member of the fund will in general be disposed of by the trustees
of the fund to the next of kin of the deceased or to the beneficiaries
named in the will of the deceased.
8. ROLE OF THE SOLICITOR
8.1 The primary role of the solicitor is to complete the preparation of all
documents necessary for the application for Probate of the Will, to
advertise the proposed application and to attend to any queries relating
to the will.
8.2
The Solicitor may also be engaged to assist with compiling details of
assets and in some cases in obtaining valuations of assets forming part
of the estate.
8.3
After Probate has been granted the solicitor will generally be engaged
to attend to getting in the assets of the deceased or transferring title to
assets to beneficiaries, and paying out liabilities of the estate.
8.4
It should be appreciated by executors and beneficiaries that the
solicitor will carry out much if not all of the work of the executors but
in some cases if an executor is willing to take on more of the detailed
work personally, some legal fees are likely to be saved. Of course, the
executors will carry the legal responsibility for due administration of
the estate which of itself is a very good reason for the executors to
engage a competent solicitor to assist with the work.
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8.5 Executors can engage any solicitors they choose for the work involved
in a Probate application and there is no necessity to engage a firm
simply because it holds the will of the deceased in safe-keeping.
9. DEATH DUTIES
9.1
There are no death duties payable on or in connection with the estates
of deceased person in Australia of any kind.
9.2 However, the capital gains tax component of income tax is affected by
the death of a taxpayer. The impact of CGT is considered under
another heading.
10. ADVERTISING NOTICES TO CREDITORS AND OTHERS
10.1 A statutory procedure is available to assist trustees (and executors of
deceased estates) to provide some protection from claims made against
them after an estate has been administered and the assets of the
deceased have been transferred to the beneficiaries.
10.2 The procedure involves the insertion of an advertisement in the
prescribed form in both a daily newspaper and the State Government
Gazette which is
called a Creditors Notice and is directed at “Creditors, next of kin and
others having claims” against the estate of the deceased person. It is
to state that the executors will distribute the estate of the deceased at
the expiration of 2 months from the date of the advertisement if they
do not receive notice of any other claims.
10.3 If the executors receive no notice of a claim during the two month
period, they will have no liability to persons making claims against the
estate after the two month period has expired.
10.4 The object of the procedure is to protect executors against late claims.
However, in many cases it will not protect beneficiaries against claims
made after the two month period (if there is a legal right in some third
party to “trace” or “follow” the assets distributed).
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10.5 This statutory procedure is particularly appropriate for executors who
have no significant interest as a beneficiary under the will of the
deceased.
11. EXECUTOR’S COMMISSION
11.1 Commission is payable to an executor if that executor is one of the
small number of recognised trustee companies entitled to act as a
professional trustee under wills by operation of legislation known as
the Trustee Companies Act. In addition the Government body known
as State Trustees charges commission for acting as an executor.
11.2 Fees are charged by trustee companies in accordance with a scale. It
is possible for you to negotiate the fees during your lifetime. The
maximum they can charge is 5.5% of the gross value of your estate
plus 6.6% of any income received by your estate.
11.3 Other than as above, an executor may only charge commission (or
fees) for acting as an executor if the Will states that this is the case up
to the amount stated in the Will but not exceeding 5% of the gross
estate.
12. CLAIMS AGAINST THE ESTATE
12.1 Until recently only persons who had some level of dependency or
very close family relationship with a deceased person could apply for
their inclusion as a beneficiary in that estate where they were not
named as beneficiaries in the will or alternatively for an increase in
their entitlement if they were named.
12.2 Now, under the Administration and Probate Act (S.91) the Supreme
Court has power to make an order to vary the dispositions set out in
the will of a deceased person if the Court considers that the will does
not make sufficient provision for the proper maintenance and support
of any person for whom the deceased had responsibility to make
provision.
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12.3 In making an order to disturb the distribution set out in the deceased’s
will the Court must take into account various factors including the
following:
(a) the nature and length of a relationship between the deceased and
the applicant;
(b) the size and nature of the estate;
(c) any contribution by the applicant towards building up the estate
of the deceased or the welfare of the family;
(d) the liability of any other to maintain the applicant; and
(e) any other matters the Court considers relevant.
12.4 An application must be made in the ordinary course within six
months of the date of the Grant of Probate
but the court can in some cases consider an application which is made
after that period.
12.4 In many cases involving applications to disturb the distribution of
assets of a deceased person set out in that person’s will, the Court will
order that the legal costs of all parties to the application be paid out of
the assets of the estate.
12.5 As applications to the Supreme Court can be very costly it is rarely
appropriate that they should be made where the size of the estate is
small.
13. CAPITAL GAINS TAX
13.1 The rules concerning CGT are complex. These notes are not designed
as a substitute for specific advice but to set out a few general principles
to aid understanding. Where there is a possible exposure to CGT,
sensibly, professional advice must be sought.
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13.2 There are different CGT considerations applicable for an asset which
consists of a dwelling and other assets owned by the deceased.
13.3 In the broad sense the principal residence of any person is an asset
which is exempt from all CGT liability when it is sold. Not
surprisingly then, if a
principal residence of a deceased person becomes on that person’s
death the principal residence of the beneficiary entitled to the
residence under the deceased person’s will, then the same exemption
will ordinarily apply to the position of that beneficiary.
13.4 For the purpose of this exemption, a person who was a joint proprietor
of the title to the residence with a deceased person and acquires the
interest of the deceased by survivorship is treated for CGT purposes
as if the survivor had become entitled as a beneficiary under the will
of the deceased. *
Thus if the survivor also uses the principal residence of the deceased as the
survivor’s principal residence the exemption will, not unexpectedly,
be preserved.
*
13.5 In general an exemption from CGT will apply for the benefit of a
beneficiary who acquires a dwelling under a will if that dwelling was
a “pre-CGT asset” (i.e acquired before 20 September 1985) and the
dwelling is sold within 2 years of the death of the deceased. This
exemption is not dependent upon the use of the dwelling as a
principal residence by the deceased or by the beneficiary.
13.6 In the case of a dwelling which is a “post CGT” asset (i.e. acquired by
the deceased after 20 September 1985), the exemption will only be
available if the dwelling was the principal residence of the deceased
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at the time of death and not used for income producing purposes at
that time and is sold within two years.
13.7 If a property had been used by the deceased during part only of the
period of ownership by the deceased, an apportionment will be
applicable based upon the periods during which the property was the
principal residence of the deceased and the period during which it
was not so used.
*(See Par 4.2 of this booklet for explanation of joint proprietorship)
13.8 Other Assets
There is no CGT applicable in general for assets owned by a deceased
person simply because of the death or at the point that legal
ownership passes to the executors of the deceased (i.e. at the time of
the Grant of Probate of the will).
13.9 For a “pre-CGT” asset of the deceased which passes to a beneficiary
under the will of the deceased, the beneficiary will be treated as if
that person had acquired the asset at its market value at the date of
death of the deceased. When the asset is transferred to the
beneficiary, no CGT liability arises but if and when the beneficiary
sells the asset CGT will apply to the extent that the sale price of the
asset exceeds the market value of that asset at the date of death of the
deceased.
13.10 Similarly if the “pre-CGT” asset is sold by the executors in the course
of administration of the estate, the executors will be liable for CGT
on the difference between the market value of the asset at the date of
death and the net sale proceeds.
13.11 For a “post –CGT” asset of the deceased, the cost base for a
realisation of the asset by the executors or by the beneficiary to whom
the asset has been transferred by the executors is not the value of the
asset at the date of death but the CGT “cost base” of the asset in the
hands of the deceased person at the date of death. (i.e. the actual cost
to the deceased reduced by application of the rate of inflation).
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13.12 Where an executor expends money on an asset and then transfers the
asset to a beneficiary at the close of administration of the estate, the
beneficiary is deemed to have made that expenditure and may add the
cost to the cost base for the purpose of calculating the CGT. An
example would be where the deceased owned non income producing
vacant land and the executor paid rates and land clearing costs.
13.13 Assets of the deceased consisting of collectables (antiques etc.) and
personal use items retain that character for CGT purposes in the hands
of the executors or the beneficiaries.
13.14 The rules provide that collectables which cost less than $500 are CGT
exempt while those costing more than $500 must be brought to account
for CGT. In the case of personal use assets which are not within the
definition of collectables, the cut off point for exposure to CGT is a
cost price for such an asset above $10,000.
For the views of the Australian Taxation Office on these issues
reference should be made to Taxation Ruling IT 2664.
14. INCOME TAX
14.1 If a person has been lodging income tax returns during his or her
lifetime, it will fall to the executor to lodge a tax return for the deceased
person in relation to income derived during the period commencing on
the previous July 1 and ending on the date of the death of the deceased.
14.2 If the deceased had not lodged a tax return in respect of a completed
financial year before the date of death then an additional tax return will
need to be lodged by the executor for that financial year.
14.3 As a quite separate duty, the executor must lodge a tax return for the
estate of the deceased person for the period commencing on the date
of death and concluding on the next occurring June 30.
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14.4 If an estate is not fully administered and derives income in a second or
later financial year after the date of death then estate returns must be
lodged.
14.5 It will be necessary where income is derived by the estate, for a separate
tax file number to be obtained for the estate which will be used in connection
with the estate’s tax return and any later returns.
For income tax purposes, the return lodged in respect of the period up
to the date of death will cause an assessment to be raised as if that
period were a full taxation year. (There are obvious rebate advantages
in this treatment).
Executors must ensure that sufficient funds are available from the assets of
the deceased to meet any taxation liabilities in relation to the return for the
deceased person and returns made on behalf of the estate.
15. LEGAL COSTS AND EXECUTOR COMMISSION
At Kingston Lawyers we charge what we are permitted to charge under
the charging scale published annually by the Supreme Court of Victoria
and under the probate Rules of the Court.
An indicative guide of fees is as follows:
For estates under $50,000.00 – Up to $1,000.00
For estates under $1 million – Up to $6,600.00
For estates over $1 million – Up to $10,000.00.
In addition, there are out of pocket expenses of $1,250.00. These include
advertisement charges, Court charges, Titles Office charges and
miscellaneous expenses.
Please note that no amount is required to be paid in advance and
accounts can be settled from the estate monies.
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16. QUESTIONNAIRE – PROBATE DATA INFORMATION
SHEET
Deceased
Full Name: _____________________________________________________________
Other names also known as: ________________________________________________
Occupation: ______________________________________________________________
Date of Marriage: __________________________________________________________
Date and place of death: _____________________________________________________
Date and place of birth: ______________________________________________________
Name of Spouse/Partner: _____________________________________________________
Name of Children: ___________________________________________________________
Details of any person in a dependent relationship with deceased:______________________
_________________________________________________________________________
Will
Date of Will: _________________________________________________________________
Location of Will: ______________________________________________________________
Will witness (1) full name, address, occupation: _____________________________________
___________________________________________________________________________
Will witness (2) full name, address, occupation: _____________________________________
___________________________________________________________________________
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Assets - Real Estate Address (1): __________________________________________________________________
Title Particulars: _______________________________________________________________
Location of certificate of title: ____________________________________________________
Insurance details: ______________________________________________________________
Value: _______________________________________________________________________
Mortgage details: ______________________________________________________________
Address (2): __________________________________________________________________
Title Particulars: _______________________________________________________________
Location of certificate of title: ____________________________________________________
Insurance details: ______________________________________________________________
Value: _______________________________________________________________________
Mortgage details: ______________________________________________________________
Personal Estate - Money in Bank:
Name of Institution (1): ________________________________________________________
Address: ____________________________________________________________________
Account no: __________________________________________________________________
Name of Institution (2): ________________________________________________________
Address: ____________________________________________________________________
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Account no: __________________________________________________________________
Name of Institution (3): ________________________________________________________
Address: ____________________________________________________________________
Account no: __________________________________________________________________
Personal Estate – Shares/units: Name of Company (1): ________________________________________________________
Registry Address: _____________________________________________________________
Number of shares/units: ________________________________________________________
SRN Number: _________________________________________________________________
State of Incorporation: __________________________________________________________
Register: _____________________________________________________________________
Name of Company (2): ________________________________________________________
Registry Address: _____________________________________________________________
Number of shares/units: ________________________________________________________
SRN Number: _________________________________________________________________
State of Incorporation: __________________________________________________________
Register: _____________________________________________________________________
Name of Company (3): ________________________________________________________
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Registry Address: _____________________________________________________________
Number of shares/units: ________________________________________________________
SRN Number: _________________________________________________________________
State of Incorporation: __________________________________________________________
Register: _____________________________________________________________________
Personal Estate – Inscribed stock/bonds/debentures:
Name of Company (1): ________________________________________________________
Address: ____________________________________________________________________
Holding details: _______________________________________________________________
Location of certificates: _________________________________________________________
Name of Company (2): ________________________________________________________
Address: ____________________________________________________________________
Holding details: _______________________________________________________________
Location of certificates: _________________________________________________________
Personal Estate – Life Policies Name of Company (1): ________________________________________________________
Address: ____________________________________________________________________
Policy Number: _______________________________________________________________
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Name of Company (2): ________________________________________________________
Address: ____________________________________________________________________
Policy Number: _______________________________________________________________
Debts Due:
Name of debtor: ____________________________________________________________
Amount: ___________________________________________________________________
Interest: ____________________________________________________________________
Motor Vehicle:
Make/model: ________________________________________________________________
Registration no: _______________________________________________________________
Insurance details: ______________________________________________________________
Interest in deceased estate:
Name of Estate: _______________________________________________________________
Name & address of Executor / Trustee: _____________________________________________
Type of interest: ________________________________________________________________
Value of interest: _______________________________________________________________
Interest in Business:
Name of partnership: ____________________________________________________________
Name of business: ______________________________________________________________
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Names of partners: _____________________________________________________________
Name of Company: _____________________________________________________________
Number of shares held: __________________________________________________________
Value of interest in business: ____________________________________________________
Superannuation:
Fund name: _______________________________________________________________
Address of Fund: ___________________________________________________________
Membership no: ____________________________________________________________
Amount: ___________________________________________________________________
Liabilities: Mortgage: __________________________________________________________________
Funeral: ____________________________________________________________________
Creditor: ____________________________________________________________________
Jointly owned assets: Name/address of joint owner: ____________________________________________________
Nature of asset: _______________________________________________________________
INFORMATION/DOCUMENTATION WE REQUIRE FROM
EXECUTOR/S:
1. Death certificate (original)
2. Details of assets and liabilities - as above