Peaceful Resolutions to Estate Disputes
I can’t find a will – Now what?
I am named executor. Now what?
Your checklist to help you work through the estate administration process.
How to Re-Imagine your Future
AFTER THE LOSS OF A LOVED ONE
A person appointed by the court to manage the assets and liabilities of a person who has died without making a valid will.
Administration of estate
The process of gathering an estate’s assets, paying the deceased’s debts and distributing the remaining assets.
A written statement, confirmed by oath or affirmation, for use as evidence in court.
A person (or charity) who receives a gift of benefit under an estate, trust or insurance policy.
Binding Death Benefit Nomination
A binding death benefit nomination (BDBN) is a legally binding nomination that allows a super fund member to advise their fund about who is to receive their death benefits.
A document lodged in the Supreme Court that will stop any application for a grant of probate or letters of administration from progressing until the question of capacity to make the will is determined by a judge.
For the purposes of making an FPA in Queensland, a child is any biological child, stepchild or adopted child of the deceased person (regardless of their age).
A person who serves jointly with another person in carrying out the terms of a will.
An additional or supplementary document, signed in the same formal way as a will, that explains, modifies or revokes all or part of a will.
A person who relied on the deceased for financial support. For the purpose of making an FPA in Queensland, this includes any parent or other child (such as a foster child or grandchild) under the age of eighteen years, or any ex-spouse if they are the other parent to a child of the deceased under eighteen years – but only if those people were wholly or substantially financially supported by the deceased person at the time of their death. See separate definition for ‘superannuation dependant’ below.
For the purposes of making an FPA in Queensland, this is a spouse, child or dependant of the deceased.
Enduring Power of Attorney (EPOA)
An enduring power of attorney allows a person (the principal) to appoint someone they trust (an attorney) to make decisions about personal (including health) matters and/or financial matters for them.
All of the assets owned by the deceased person at their death.
A person or institution appointed by the willmaker to carry out the terms of their will.
A document produced to the court, referenced in and then attached to an affidavit.
Family provision application
An application to the court, by an eligible applicant, to receive a greater benefit under the will than has been provided for them by the willmaker (or under the intestacy formula).
The legal duty to act in the best interests of the beneficiary.
Family provision application.
Grant or grant of representation
A document issued by a court to prove the legal authority of the person entitled to deal with a deceased person’s estate (called the personal representative).
A document that states the testamentary intentions of a deceased person, but which has not been signed in accordance with the formal requirements for a valid will.
A descriptor for what happens when someone dies without a will.
Any part of the deceased’s estate not effectively disposed of by will.
All of a person’s lineal descendants, including their children.
The holding of an estate or property jointly by two or more parties, the share of each passing to the other or others on death.
Letters of administration
A document issued by a court, appointing an administrator to manage the assets and liabilities of the estate of the deceased in certain situations. This might be ‘on intestacy’ (where there is no will) or ‘with the will annexed’ (if there is a will but no named executor wishes to apply for probate.)
A Mutual Will (or ‘contractual mirror’ will) is mutually binding such that following the first death, the survivor is constrained in his or her ability to dispose of his or her property by the agreement he or she made with the deceased.
The executor or administrator for the estate of a deceased person.
A document issued by a court, recognising one or more executors named in a will as authorised to manage the assets and liabilities of the estate.
The officer of the probate registry who is appointed to deal only with matters relating to wills and estates.
A segment of the Supreme Court registry that deals only with handling matters relating to wills and estates.
The state government office established to provide trustee, estate and administration services, particularly where there is no-one else willing or able to act.
That portion of the estate that is not specifically gifted to someone else in the will or specifically payable to a person on intestacy.
Self-Managed Superannuation Fund (SMSF)
Self-managed super funds are a form of trust where the members are usually also the trustees. This means the members of the SMSF run it for their benefit and are responsible for complying with the relevant super and tax laws.
A pronouncement that a court is satisfied that a will was made with the requisite testamentary capacity, made after a caveat has been filed challenging the validity of the will.
For the purposes of making an FPA in Queensland, a husband or wife (married or registered) or a de facto partner (heterosexual or same sex), as long as at the time of death they had been living with the deceased in a genuine domestic relationship for at least two years.
Includes a spouse (heterosexual, same sex or de facto), children of any age, anyone financially dependent on the member, anyone in an ‘interdependency relationship’ with the member, or the legal member’s personal representative.
In relation to any superannuation fund, the person or entity that manages the superannuation fund.
Tenants in Common
The holding of a property by two or more people in specific/defined shares (or fractions) that can be equal or unequal. Each tenant in common can sell their shares in the property or give them away in a will (there is no right of survivorship).
A trust created by a Will that does not come into effect until the death of the willmaker.
A legal document by which a willmaker expresses their wishes about how their property is to be distributed at death, and names one or more people as the executor, to manage the estate until its final distribution.
Helpful Websites for Information on Probate and Superannuation Claims
Information on the Collaborative Law Process
Australian Association of Collaborative Professionals
If you are looking for another collaboratively-trained professional for other family members in a wills and estates matter, you can access the National register here.