Bank Accounts and Other Legal Matters

What happens with Superannuation?

Superannuation benefits, including any insurance component, are generally released upon death regardless of the age of the member.  In most cases you will need a copy of the Death Certificate, a copy of the Will and Grant of Probate or Letters of Administration.  For superannuation funds held elsewhere you will need to contact the Trustee

By |2021-12-17T16:27:37+10:00September 23rd, 2019||Comments Off on What happens with Superannuation?

The Deceased person and I have a home loan together. What happens to it?

You will need to continue paying your loan and interest will still accrue on the account until the loan is finalised.  If you are unable to meet your regular loan repayments, you will need to contact your bank and discuss the options available.

By |2021-12-17T16:27:37+10:00September 23rd, 2019||Comments Off on The Deceased person and I have a home loan together. What happens to it?

What happens with credit cards?

If the Deceased person had a credit card, you’ll need to cancel any existing direct debits attached to the card.  If the deceased was the primary cardholder, the card needs to be cancelled, which will cancel any secondary cardholders cards automatically.  Secondary cardholders may then apply for their own card, subject to the banks normal

By |2021-12-17T16:27:37+10:00September 23rd, 2019||Comments Off on What happens with credit cards?

What happens to joint bank accounts?

Banks are unable to remove the name of a customer from a joint account.  Where the account can be operated jointly by either party independently, the surviving party has access to the funds.  These funds can be transferred into a new account and the joint account closed.  Where two or more signatures are required to

By |2021-12-17T16:27:37+10:00September 23rd, 2019||Comments Off on What happens to joint bank accounts?

Who can apply for Probate?

An Executor, Executrix, Trustee, Administrator, Legal Representative or Next of Kin can apply for Probate.  This person will need to contact the Supreme Court in the state in which the Deceased’s assets are held to initiate the process.  You should seek advice from Centrelink, the Public Trustee or your Solicitor.

By |2019-09-23T09:07:37+10:00September 23rd, 2019||0 Comments

Do I need a Solicitor?

The decision of what advice and support you require is one that only you can make.  Things that you should take into consideration are the size of the Estate, as well as the variety of the assets including real estate and investments, the number of beneficiaries, their location and whether you anticipate any disputes to

By |2019-09-23T09:06:27+10:00September 23rd, 2019||0 Comments
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