2 Clarity, Direction, Security Owen Hodge Lawyers are specialists in: • Wills • Power of Attorney • Personal Page 2 Page 3 Owen Hodge Lawyers: Our Firm Page 45 a Will Page 6 Power of Attorney Page 7 Page 8 In three locations for your convenience Toll Free: 1800 770 780 Email: ohl@owenhodge.com.au Website: www.owenhodge.com.au Turramurra Suite 7, 14 Eastern Rd Turramurra NSW Page 2 Clarity, Direction, Security Page 3 Owen Hodge Lawyers: Our Firm Page 4 Making a Will Page 5 Power of Attorney Page 6 Enduring Guardianship Page 7 Legal Estate Planning CONTENTS • Conveyancing • Enduring Guardians • Seniors Law & Estates • Family Law • Commercial Litigation • Commercial Property • Domestic & Commercial Loan Sydney Level 3 171 Clarence St Sydney NSW Hurstville Level 2 12-14 Ormonde Pde Hurstville NSW Page 8 Page 9 Page 10 Page 12 Page 14 Page 15 Page 17 Contesting a Will Advance Care Directives Choosing a Retirement Village Granny Flat Agreements Special Disability Trust Important Things You Should Know when Entering an Aged Care Facility Page 16 Administration of Deceased Estates Duties of a Trustee Page 18 The Australian Death Notification Service
Commercial Property and Finance Commercial Litigation OWEN HODGE LAWYERS: OUR FIRM Litigation for Individuals Estate Planning Residential Conveyancing
Executor MAKING A WILL Estate Plannning 9570 7844 It is a good idea to appoint an Type of Gifts Child Maintenance Life Estates
What is a Power of Attorney? ( 7V^LY VM ([[VYUL` PZ H KVJ\TLU[ NP]PUN [OL WLYZVU `V\ HWWVPU[ [OL WV^LY [V KV HU`[OPUN H[ SH^ `V\ JHU KV LN! WH` IPSSZ I\` HUK ZLSS YLHS LZ[H[L VY ZOHYLZ VWLU HUK VWLYH[L IHUR HJJV\U[Z LU[LY PU[V SP[PNH[PVU LU[LY PU[V U\YZPUN OVTL HUK OVZ[LS JVU[YHJ[Z 0M `V\ HWWVPU[ TVYL [OHU VUL H[[VYUL` `V\ JHU HWWVPU[ [OLT [V HJ[ [VNL[OLY VY ZLWHYH[LS` @V\ T\Z[ HWWVPU[ ZVTLVUL `V\ [Y\Z[ ;OL WV^LY NP]LU JHU IL SPTP[LK [V H ZWLJPÄJ W\YWVZL LN" VWLYH[PUN H IHUR HJJV\U[ VY ZLSSPUN YLHS LZ[H[L" VY IL H NLULYHS WV^LY ^OPJO WLYTP[Z [OL ([[VYUL` [V JHYY` V\[ HU` I\ZPULZZ `V\ JHU SH^M\SS` JHYY` V\[ @V\ T\Z[ OH]L ¸JHWHJP[`¹ [V THRL H 7V^LY VM ([[VYUL` @V\ JHU KL[LYTPUL ^OLU [OL WV^LY PZ [V JVTTLUJL VWLYH[PVU -VY L_HTWSL \WVU `V\ ILPUN HZZLZZLK HZ \UHISL [V THUHNL `V\Y ÄUHUJPHS HɈHPYZ What is an Enduring Power of Attorney? (U ,UK\YPUN 7V^LY VM ([[VYUL` PZ H WV^LY VM H[[VYUL` [OH[ YLTHPUZ LɈLJ[P]L L]LU PM [OL WLYZVU THRPUN [OL HWWVPU[TLU[ SVZLZ [OLPY TLU[HS JHWHJP[` HM[LY [OL` OH]L HWWVPU[LK HU H[[VYUL` 0M [OL 7V^LY VM ([[VYUL` PZ UV[ ¸LUK\YPUN¹ P[ ^PSS JLHZL [V VWLYH[L PM [OL WLYZVU ILJVTLZ VM \UZV\UK TPUK POWER OF ATTORNEY 0U [OL WHZ[ [OL WLYZVU NYHU[PUN [OL WV^LY ^HZ [OL VUS` WLYZVU YLX\PYLK [V ZPNU [OL KVJ\TLU[ ;OL UL^ SLNPZSH[PVU OV^L]LY YLX\PYLZ IV[O [OL WLYZVU NYHU[PUN [OL WV^LY HUK [OL WLYZVU UVTPUH[LK HZ LUK\YPUN H[[VYUL` [V ZPNU HUK HJJLW[ [OL JVUKP[PVUZ V\[SPULK PU [OL KVJ\TLU[ ;OPZ TV]L IYPUNZ 5:> PU SPUL ^P[O V[OLY Z[H[LZ HUK PZ ZPTPSHY [V [OL WYVJLK\YLZ YLX\PYLK ^OLU HWWVPU[PUN HU LUK\YPUN N\HYKPHU 0[ PZ PTWVY[HU[ [V UV[L [OH[ [OL ,UK\YPUN 7V^LY VM ([[VYUL` PUZ[Y\TLU[ KVLZ UV[ ILJVTL VWLYH[PVUHS \U[PS [OL UVTPUH[LK H[[VYUL` OHZ HJJLW[LK [OL HWWVPU[TLU[ HUK ZPNULK [OL KVJ\TLU[ ;OPZ UL^ YLX\PYLTLU[ HWWSPLZ [V LUK\YPUN WV^LYZ VM H[[VYUL` HUK KVLZ UV[ HWWS` [V VYKPUHY` WV^LYZ VM H[[VYUL` ;OL SLNPZSH[PVU HSZV HSSV^Z MVY ZVTL \UPMVYTP[` HJYVZZ (\Z[YHSPH ;OL (J[ YLJVNUPZLZ WV^LYZ VM H[[VYUL` THKL PU V[OLY :[H[LZ HUK ;LYYP[VYPLZ -\Y[OLY PU VYKLY [V TVYL ZWLJPMPJHSS` JVU[YVS HU H[[VYUL`»Z HJ[PVUZ [OL (J[ Z[H[LZ [OH[ HU H[[VYUL` JHUUV[ H\[OVYPZL H NPM[ VM HSS VY HU` VM [OL WYPUJPWHS»Z WYVWLY[` \USLZZ Z\JO H\[OVYP[` PZ JSLHYS` V\[SPULK PU [OL KVJ\TLU[ ;OLYL HYL HSZV WYV]PZPVUZ [V WYV[LJ[ ILULÄJPHYPLZ HNHPUZ[ [OL WVZZPISL KPZWVZHS VM [LZ[HTLU[HY` NPM[Z VY HZZL[Z I` HU H[[VYUL` WYPVY [V [OL KLH[O VM [OL WLYZVU NYHU[PUN WV^LY ;OL (J[ HSZV NP]LZ [OL .\HYKPHUZOPW ;YPI\UHS HUK [OL (KTPUPZ[YH[P]L (WWLHSZ ;YPI\UHS H IYVHKLY YHUNL VM H\[OVYP[` ^OLU KLHSPUN ^P[O TH[[LYZ VM JHWHJP[` [V THRL H WV^LY VM H[[VYUL` HUK ^P[O IYLHJOLZ VM [OL ;Y\Z[LL (J[ ;OPZ PUMVYTH[PVU NP]LZ HK]PJL VM H NLULYHS UH[\YL HUK PZ UV[ H Z\IZ[P[\[L MVY SLNHS HK]PJL 7SLHZL JVU[HJ[ V\Y ZWLJPHSPZ[ ,Z[H[L 7SHUUPUN [LHT [V KPZJ\ZZ `V\Y JPYJ\TZ[HUJLZ PU KL[HPS
Enduring Guardianship What can an enduring guardian do? Who should you appoint? ENDURING GUARDIANSHIP You can appoint an enduring guardian to make decisions on your behalf about How do you make the appointment? What happens if I don’t have an Enduring Guardian? on 9570 7844
What Is Legal Estate Planning? 3LNHS LZ[H[L WSHUUPUN PU]VS]LZ JVUZPKLYH[PVU VM [OL PZZ\LZ HɈLJ[PUN [OL [YHUZMLY I` `V\ VM `V\Y J\YYLU[ HUK M\[\YL HZZL[Z [V `V\Y UVTPUH[LK ILULÄJPHYPLZ PU `V\Y >PSS HUK [YHUZMLY VM HZZL[Z WYPVY [V `V\Y KLH[O [V YLK\JL L_WLUZL VU `V\Y WHZZPUN H^H` LEGAL ESTATE PLANNING Why do you need estate planning? 7YVWLY LZ[H[L WSHUUPUN ^PSS YLZ\S[ PU [OL [YHUZMLY VM `V\Y HZZL[Z \WVU `V\Y KLH[O [V `V\Y UVTPUH[LK ILULÄJPHYPLZ PU [OL TVZ[ [H_ LɈLJ[P]L ^H` What needs to be considered? ,Z[H[L 7SHUUPUN ^PSS YLX\PYL YL]PL^ HUK JVUZPKLYH[PVU VM `V\Y J\YYLU[ ÄUHUJPHS WVZP[PVU HU[PJPWH[LK M\[\YL HZZL[Z UL_[ VM RPU HUK `V\Y UVTPUH[LK ILULÄJPHYPLZ ;OL ÄYZ[ Z[LW PZ [V KLJPKL ^OV `V\Y UVTPUH[LK ILULÄJPHYPLZ ^PSS IL \WVU `V\Y KLH[O HUK [OL HZZL[Z `V\ ^PZO [V [YHUZMLY [V [OLT 0[ TH` IL [OH[ `V\Y >PSS ZOV\SK JVU[HPU H [LZ[HTLU[HY` [Y\Z[ ;OL [H_H[PVU PTWSPJH[PVUZ VM [OL [YHUZMLY VM `V\Y HZZL[Z MVSSV^PUN `V\Y KLH[O ZOV\SK [OLU IL JVUZPKLYLK PU SPNO[ VM JHWP[HS NHPUZ [H_ HUK Z\WLYHUU\H[PVU SH^Z (S[OV\NO KLH[O K\[PLZ ^LYL HIVSPZOLK PU JHWP[HS NHPUZ [H_ ^HZ PU[YVK\JLK VU [O :LW[LTILY HUK PZ UV^ ZLLU HZ [OL OPKKLU KLH[O K\[` <WVU KLH[O [OL KLJLHZLK TH` IL YLX\PYLK [V WH` [OL JHWP[HS NHPUZ [H_ VU ZVTL HZZL[Z VY [OL ILULÄJPHYPLZ TH` IL YLX\PYLK [V WH` *HWP[HS .HPUZ ;H_ \WVU [OLPY KPZWVZHS VM [OL HZZL[Z HJX\PYLK \UKLY [OL >PSS >OL[OLY [OL LZ[H[L VY [OL ILULÄJPHY` PZ SPHISL MVY *HWP[HS .HPUZ ;H_ ^PSS \Z\HSS` KLWLUK VU [OL KH[L VM HJX\PZP[PVU VM [OL HZZL[ I` [OL KLJLHZLK ^OL[OLY [OL HZZL[ ^HZ [OL KLJLHZLK»Z YLZPKLU[PHS OVTL VY \ZLK MVY PU]LZ[TLU[ W\YWVZLZ HUK ^OL[OLY [OL ILULÄJPHY` PZ H [H_ L_LTW[ JOHYP[` Family Trusts and Companies 0M `V\ OH]L H MHTPS` [Y\Z[ JVUZPKLYH[PVU ZOV\SK IL NP]LU HZ [V ^OV PZ [OL [Y\Z[LL HUK ^OH[ ^PSS OHWWLU [V [OL JVU[YVS [OL [Y\Z[LL OHZ \WVU `V\Y KLH[O ;OL ILULÄJPHYPLZ VM [OL [Y\Z[ ZOV\SK HSZV IL JVUZPKLYLK :\WLYHUU\H[PVU +LH[O )LULÄ[Z *VUZPKLYH[PVU ZOV\SK HSZV IL NP]LU [V TPUPTPZPUN [OL [H_ WH`HISL VU Z\WLYHUU\H[PVU KLH[O ILULÄ[ WH`TLU[Z 0[ ^PSS IL TVYL [H_ HK]HU[HNLV\Z PM [OL YLJPWPLU[ VM [OL ILULÄ[ PZ H KLWLUKHU[ P L" ZWV\ZL L_ ZWV\ZL VY JOPSK \UKLY ([ 6^LU /VKNL 3H^`LYZ ^L ^PSS KPZJ\ZZ [OLZL TH[[LYZ ^P[O `V\ HUK WYV]PKL HK]PJL HZ [V [OL ILZ[ ^H` [V WSHU `V\Y LZ[H[L [V TPUPTPZL [H_H[PVU HUK [V NP]L LɈLJ[ [V `V\Y [LZ[HTLU[HY` ^PZOLZ ;OLZL UV[LZ HYL VM H NLULYHS UH[\YL HUK HYL UV[ H Z\IZ[P[\[L MVY WYVWLY SLNHS HK]PJL
14 Succession Amendment (family provision) Act 2008 allows certain people to contest Who can contest your estate Matters that court must consider Time for bringing a claim Compulsory mediation CONTESTING A WILL This legislation provides that certain eligible persons may apply to the Court for a provision order in respect of your estate in circumstances where you have not made adequate provision for that eligible persons proper maintenance, education or advancement in life. follows: • Your spouse or de facto partner at the time of your death; • Your children (includes adopted children); • Your former spouse; • A grandchild or a person who has been a member of the household in which you were a member and who has been wholly or partially dependent on you; and • A person who was living in a close personal relationship with you at the time of your death. In circumstances where a claim is brought by eligible persons in the latter three categories, those eligible persons must convince the Court that they are a person who would be regarded as a natural object of your testamentary recognition. Consider The law requires the Court to consider a number of factors in hearing these claims, these include, but are not limited to: a. The relationship and the extent of any obligations or responsibilities owed by you to that eligible person; b. The nature and extent of your estate; person including any person cohabiting with that eligible person; d. The physical, intellectual or mental disability of that eligible person; e. Contributions made by that eligible person to your estate; f. Any previous provision made by you to that eligible person in your lifetime; and g. The character and conduct of that eligible person. Claim An eligible person has 12 months from the date of your death to bring a claim. However, in certain can make orders extending the time for a claim being made. Unless ordered otherwise, all matters involving these disputes will be referred to mediation to attempt to resolve the matter. Where a claim for provision is successful, the Court can make, for example, the following orders for provision to an eligible person out of your estate: • A lump sum payment; • A periodic payment; • A life interest in a property or income from an investment. 8
9 Orders >OLYL H JSHPT PZ Z\JJLZZM\S [OL JV\Y[ JHU VYKLY H! 3\TW Z\T WH`TLU[" 7LYPVKPJ WH`TLU[ MYVT [OL LZ[H[L" :WLJPÄJ LZ[H[L HZZL[" 3PML PU[LYLZ[ PU H WYVWLY[` VY PUJVTL MYVT HU PU]LZ[TLU[" 6Y HU` V[OLYZ VYKLYZ Legal costs ;OL L_LJ\[VY»Z JVZ[Z HYL WHPK MYVT [OL LZ[H[L 0U TVZ[ JHZLZ [OL JSHPTHU[»Z JVZ[Z ^PSS HSZV IL WHPK MYVT [OL LZ[H[L How you can avoid a claim )LMVYL `V\ THRL `V\Y >PSS `V\ ZOV\SK KPZJ\ZZ ^P[O H 3H^`LY [OL WVZZPIPSP[` VM H JSHPT ILPUN THKL PU JHZLZ Z\JO HZ ZLJVUK THYYPHNL VY JOPSKYLU ILPUN VTP[[LK MYVT `V\Y >PSS L[J What are Advance Care Directives? 0[ TH` IL [OL JHZL [OH[ `V\ ^HU[ [V L_WYLZZ `V\Y ^PZOLZ YLNHYKPUN HU LUK VM SPML KLJPZPVU ;OLZL ^PZOLZ HYL JVU[HPULK PU H KVJ\TLU[ JHSSLK HU ¸HK]HUJL JHYL KPYLJ[P]L¹ 0U HKKP[PVU [V Z[H[PUN [OLZL KPYLJ[P]LZ `V\ ZOV\SK HWWVPU[ HU LUK\YPUN N\HYKPHU ^OV PZ H WLYZVU ^OV JHU THRL KLJPZPVUZ HIV\[ `V\Y OLHS[O HUK ^LSMHYL PM `V\ SVZL [OL HIPSP[` [V THRL [OH[ [`WL VM KLJPZPVU @V\Y N\HYKPHU JHU JVUZLU[ [V TLKPJHS [YLH[TLU[ VY ^P[OOVSK TLKPJHS [YLH[TLU[ ,UK VM SPML KLJPZPVUZ HYL NLULYHSS` THKL PU JVUZ\S[H[PVU ^P[O `V\Y TLKPJHS HK]PZLYZ ;OLYL PZ JHZL SH^ PU 5:> ^OLYL [OL JV\Y[ \WOLSK H WLYZVU»Z ^PZOLZ V\[SPULK PU HU HK]HUJL JHYL KPYLJ[P]L ;OL JV\Y[ OHK OLSK [OH[! ¸0M HU HK]HUJL JHYL KPYLJ[P]L PZ THKL I` H JHWHISL HK\S[ PZ JSLHY HUK \UHTIPN\V\Z HUK ZP[\H[PVU H[ OHUK P[ T\Z[ IL YLZWLJ[LK»» @V\Y HK]HUJL JHYL KPYLJ[P]L ^PSS Z[H[L `V\Y ^PZOLZ [OH[ `V\ KV UV[ ^PZO [V YLJLP]L TLKPJHS [YLH[TLU[ VY PM `V\ KV ^OH[ [YLH[TLU[ [OH[ `V\ ^V\SK JVUZLU[ [V P L WHPU THUHNLTLU[ @V\ ZOV\SK YL]PL^ [OL KPYLJ[P]L WLYPVKPJHSS` PU JHZL `V\Y ^PZOLZ VY JPYJ\TZ[HUJLZ OH]L JOHUNLK 0M `V\ ^PZO [V KPZJ\ZZ [OPZ M\Y[OLY VY [V HYYHUNL V[OLY LZ[H[L WSHUUPUN PZZ\LZ WSLHZL JVU[HJ[ V\Y ,Z[H[LZ 7YVWLY[` [LHT VU What should your advance directives state? ;OH[ `V\ ^HU[ [V THRL HU HK]HUJL KPYLJ[P]L >O` `V\ ^HU[ [V THRL HU HK]HUJL KPYLJ[P]L >OH[ [YLH[TLU[ `V\ ^V\SK JVUZLU[ [V >OH[ [YLH[TLU[ `V\ ^V\SKU»[ JVUZLU[ [V ;OH[ `V\ JVUZPKLY [OPZ KPYLJ[P]L [V IL IPUKPUN VU `V\Y [YLH[PUN KVJ[VY 0M `V\ ^PZO [V THRL HU HK]HUJL KPYLJ[P]L WSLHZL JVU[HJ[ V\Y ,Z[H[L 7SHUUPUN [LHT MVY M\Y[OLY HK]PJL ;OLZL UV[LZ HYL VM H NLULYHS UH[\YL HUK HYL UV[ H Z\IZ[P[\[L MVY WYVWLY SLNHS HK]PJL ADVANCE CARE DIRECTIVES 3LNHS *VZ[Z In most cases, the Executor’s costs are paid from your estate. In some cases the eligible person’s costs may also be paid out of your estate. /V^ @V\ *HU (]VPK A Claim Before you make your will you should discuss with a Lawyer any eligible persons to your estate when you die. That way, your will can be drafted to minimise the possibility of a claim being made by an eligible person. If you are concerned about a claim being made by an eligible person following your death, you can discuss with your Lawyer making a statement explaining why you have made your Will in that way. For further advice and assistance in relation to a Family Provision claim contact WKH (VWDWHV 7HDP on 9549 0700. This information is of a general nature and is not a substitute for proper legal advice.
10 CHOOSING A RETIREMENT VILLAGE Financial and legal considerations 9L[PYLTLU[ ]PSSHNL SP]PUN PZ H SPMLZ[`SL PU]LZ[TLU[ =PSSHNLZ OH]L [OLPY V^U ZVJPHS HJ[P]P[PLZ ZVTL ^PSS OH]L H YLSPNPV\Z VY J\S[\YHS WLYZ\HZPVU HUK HSS ^PSS VɈLY [OLPY V^U KPɈLYLU[ SPMLZ[`SL -VY [OPZ YLHZVU ^L YLJVTTLUK [OH[ WLVWSL ZOV\SK UV[ JOVVZL YL[PYLTLU[ ]PSSHNLZ ZPTWS` ILJH\ZL [OL` JHU UV SVUNLY [LUK [V [OLPY NHYKLUZ VY ^PZO [V OH]L V[OLY ZLY]PJLZ Z\JO HZ TLHSZ SH\UKY` VY NLULYHS THPU[LUHUJL WYV]PKLK MVY [OLT ;OLYL HYL JVTT\UP[` HNLUJPLZ [OH[ JHU WYV]PKL ZLY]PJLZ [V `V\ PU `V\Y V^U OVTL @V\Y SVJHS JV\UJPS»Z ^LSMHYL VɉJLY JHU WYV]PKL PUMVYTH[PVU VU ^OH[ ZLY]PJLZ HYL H]HPSHISL PU `V\Y HYLH /V^L]LY PM [OL SPMLZ[`SL VM [OL ]PSSHNL PZ Z\P[HISL [V `V\ `V\ TH` ^LSS ÄUK [OL `LHYZ `V\ ZWLUK [OLYL HYL WLYZVUHSS` M\SÄSSPUN VɈLYPUN MYPLUKZOPW JVTWHUPVUZOPW HUK ZVJPHS JVU[HJ[ VU H YLN\SHY IHZPZ )LMVYL ZPNUPUN H JVU[YHJ[ [V LU[LY PU[V H YL[PYLTLU[ ]PSSHNL JHYL T\Z[ IL L_LYJPZLK HK]PJL VI[HPULK HUK `V\ ZOV\SK HS^H`Z HZR H[ SLHZ[ [OL MVSSV^PUN X\LZ[PVUZ! What security of occupancy will I get in return for my investment? =PSSHNLZ TH` VɈLY YLZPKLU[Z H Z[YH[H [P[SL V^ULYZOPW H SPJLUJL [V VJJ\W` VY H SVUN [LYT SLHZL 0U [OL THQVYP[` VM ]PSSHNLZ [OL YLZPKLU[ PZ NP]LU H SPJLUJL [V VJJ\W` HUK º»SLUKZ»» [OL LU[Y` WYPJL [V ]PSSHNL THUHNLTLU[ VY H ;Y\Z[ \U[PS [OL L_WPY` VM [OL SPJLUJL ^OLU [OL LU[Y` WYPJL PZ WHPK IHJR ^P[OV\[ PU[LYLZ[ [V [OL YLZPKLU[ SLZZ H THUHNLTLU[ MLL 0U HSS JHZLZ [OL 9L[PYLTLU[ =PSSHNLZ (J[ HWWSPLZ [V NP]L YLZPKLU[Z JLY[HPU YPNO[Z WYV[LJ[PUN [OLT HNHPUZ[ SVZZ VM VJJ\WHUJ` I` THUHNLTLU[ YLNHYKSLZZ VM ^OH[ PZ ^YP[[LU PU [OLPY JVU[YHJ[ 6^LU /VKNL 3H^`LYZ JHU L_WSHPU [OL LɈLJ[ VM [OL KPɈLYLU[ [`WLZ VM JVU[YHJ[Z
11 What amount am I required to pay to enter into the village? +LWLUKPUN VU [OL [`WL VM ]PSSHNL [OL YLZPKLU[»Z LU[Y` WYPJL TH` IL PU [OL MVYT VM [OL W\YJOHZL WYPJL MVY H Z[YH[H WYVWLY[` HU PU[LYLZ[ MYLL SVHU [V [OL ]PSSHNL THUHNLY VY YLU[ WHPK PU HK]HUJL In addition, there may also be additional charges such as stamp duty payable if the resident purchases a strata title unit. A list of the costs should be obtained before agreeing to enter a village. The village is required to disclose financial information to you before you sign any documentation. What ongoing charges are payable? (S^H`Z VI[HPU H SPZ[ VM J\YYLU[ HUK M\[\YL LZ[PTH[LK VJJ\WHUJ` JOHYNLZ ,HJO ]PSSHNL PZ YLX\PYLK [V OH]L H J\YYLU[ I\KNL[ MVY P[Z L_WLUKP[\YL HUK P[ ^V\SK IL HK]PZHISL [V VI[HPU H JVW` ILMVYL `V\ ZPNU \W ZV HZ [V KL[LYTPUL [OL HJJ\YHJ` VM [OL VUNVPUN JOHYNLZ ;OL OPZ[VY` VM ^LLRS` MLLZ ZOV\SK HSZV IL L_HTPULK [V HZJLY[HPU ^OL[OLY [OL` OH]L RLW[ \W ^P[O PUÅH[PVU What services does the village provide? 0[ PZ PTWVY[HU[ [V KL[LYTPUL PM [OLYL PZ HJJLZZ [V TLKPJHS HUK WLYZVUHS ZLY]PJLZ HUK [V TLHSZ RP[JOLU SH\UKY` HUK U\YZPUN HZZPZ[HUJL ZOV\SK `V\ YLX\PYL [OVZL ZLY]PJLZ =PSSHNLZ HYL VISPNLK [V WYV]PKL `V\ ^P[O H SPZ[ VM ZLY]PJLZ [OL` WYV]PKL HUK ^P[O H SPZ[ VM HU` HKKP[PVUHS MLLZ WH`HISL MVY [OVZL ZLY]PJLZ What costs are there if I move from one part of the village to another? *VTTVUS` H WYL]PV\ZS` PUKLWLUKLU[ WLYZVU VJJ\W`PUN H ZLSM JHYL \UP[ ^P[OPU H ]PSSHNL Z\IZLX\LU[S` YLX\PYLZ OVZ[LS [`WL HJJVTTVKH[PVU PU HUV[OLY WHY[ VM [OL ]PSSHNL ILJH\ZL VM KLJSPUPUN OLHS[O @V\ ZOV\SK JOLJR [V ZLL ^OH[ JVZ[Z PM HU` ^V\SK IL WH`HISL PM [OH[ ZOV\SK IL [OL JHZL ^P[O `V\ What happens when I die? 0U TVZ[ JHZLZ \USLZZ `V\ OH]L H ZWV\ZL SP]PUN ^P[O `V\ [OL JVU[YHJ[ [LYTPUH[LZ HUK `V\Y LZ[H[L ILJVTLZ LU[P[SLK [V H YL[\YU VM `V\Y LU[Y` WYPJL ;OL ^LLRS` MLLZ TH` IL VUNVPUN \U[PS H UL^ YLZPKLU[ PZ MV\UK 6M[LU [OL LZ[H[L ^PSS UV[ IL LU[P[SLK [V WH`TLU[ \U[PS H NYHU[ VM WYVIH[L PZ THKL ZV LUZ\YL `V\ OH]L H WYVWLYS` THKL >PSS [V H]VPK [OL KPZW\[LZ HUK KLSH`Z [OH[ JHU IL JH\ZLK I` UV[ OH]PUN THKL H >PSS 0M `V\ HYL Z\Y]P]LK I` H ZWV\ZL TVZ[ JVU[YHJ[Z WYV]PKL MVY [OL ZWV\ZL [V JVU[PU\L PU VJJ\WH[PVU HM[LY `V\Y KLH[O How much is payable to myself or my estate on termination of the contract? ;OPZ ^PSS ]HY` HJJVYKPUN [V [OL HYYHUNLTLU[Z HWWS`PUN [V [OL WHY[PJ\SHY ]PSSHNL 0U ZVTL JHZLZ [OPZ ^PSS IL H YL[\YU VU `V\Y LU[Y` WYPJL SLZZ H º»KLMLYYLK THUHNLTLU[ MLL»» 0U ZVTL ]PSSHNLZ `V\ TH` OH]L [V WH` ]PSSHNL THUHNLTLU[ HSS VY WHY[ VM HU` JHWP[HS NHPU THKL VU YL ZHSL VY YL SL[[PUN VM `V\Y \UP[ <UKLY ;OL 9L[PYLTLU[ =PSSHNLZ (J[ YL[PYLTLU[ ]PSSHNLZ HYL YLX\PYLK [V NP]L WYVZWLJ[P]L YLZPKLU[Z M\SS KL[HPSZ VM HSS JOHYNLZ WH`HISL \UKLY JVU[YHJ[Z HUK ^OH[ YL[\YUZ JV\SK IL L_WLJ[LK \WVU [LYTPUH[PVU VM H JVU[YHJ[ HM[LY ZH` HUK `LHYZ (ZR MVY Z\JO PUMVYTH[PVU PU ^YP[PUN ILMVYL LU[Y` PU[V H ]PSSHNL What security is there for the payment due to myself or my estate on termination of the contract? ;OPZ PZ HU PTWVY[HU[ WVPU[ [V JVUZPKLY ILJH\ZL PM [OLYL PZ UV ZLJ\YP[` P[ PZ WVZZPISL `V\ VY `V\Y LZ[H[L ^PSS UV[ IL HISL [V JVSSLJ[ `V\Y LU[P[SLTLU[ PM [OL ]PSSHNL NVLZ PU[V SPX\PKH[PVU Summary / Checklist )LMVYL KLJPKPUN \WVU H YL[PYLTLU[ ]PSSHNL OH]L `V\ SVVRLK H[ V[OLY VW[PVUZ MVY WYV]PKPUN ULLKLK ZLY]PJLZ [V `V\ PU `V\Y V^U OVTL& /H]L `V\ ZWVRLU [V L_PZ[PUN YLZPKLU[Z PU [OL ]PSSHNL HIV\[ [OL OHYTVU` PU [OL ]PSSHNL HUK HZ [V ^OL[OLY [OL ]PSSHNL SPML ^V\SK Z\P[ `V\& )LJH\ZL ZV T\JO KLWLUKZ \WVU [OL [LYTZ VM [OL WHY[PJ\SHY YL[PYLTLU[ ]PSSHNL JVU[YHJ[ LUZ\YL [OH[ `V\ KPZJ\ZZ [OL [LYTZ VM [OH[ JVU[YHJ[ PU KL[HPS ^P[O `V\Y SH^`LY HUK [OH[ `V\ \UKLYZ[HUK HSS VM [OL JVZ[Z HUK JOHYNLZ PU]VS]LK ,UZ\YL [OH[ `V\ OH]L THKL H WYVWLYS` KYH^U >PSS (M[LY HZZLZZPUN HSS VM [OL JVZ[Z PU]VS]LK ZH[PZM` `V\YZLSM `V\ HYL ^PSSPUN [V PUJ\Y [OVZL JVZ[Z PU YL[\YU MVY [OL SPMLZ[`SL HUK ZLY]PJL ILULÄ[Z VɈLYLK I` [OL WHY[PJ\SHY ]PSSHNL 6^LU /VKNL 3H^`LYZ JHU WYV]PKL HK]PJL [V `V\ VU YL[PYLTLU[ ]PSSHNL TH[[LYZ *VU[HJ[ V\Y ,Z[H[L 7YVWLY[` [LHT VU 9570 7844 [V KPZJ\ZZ `V\Y VW[PVUZ ;OLZL UV[LZ HYL VM H NLULYHS UH[\YL HUK HYL UV[ H Z\IZ[P[\[L MVY WYVWLY SLNHS HK]PJL
GRANNY FLAT AGREEMENTS >OH[ HYL .YHUU` -SH[ (NYLLTLU[Z& Granny Flat Agreements (GFAs) are where one or both parents are provided with accommodation in the home of an adult child. The accommodation is usually provided by the child in exchange for some payment, and may sometimes involve the transfer of the parent’s home. In some cases, the parent will provide funds for a granny at to be built at the child’s home. In most cases, care is required for the parent and is in fact the impetus for considering a granny at agreement in the rst place. Whatever the arrangements are for security in old age, a granny at agreement needs to establish a ‘granny at interest’. There needs to be a transfer of assets/money to the owner of the property (the child) in which the parent will live in exchange for a life tenancy or interest in their property. (JJVTTVKH[PVU *HYL (UK ;OL 0TWVY[HUJL 6M ;YHUZWHYLUJ` Although most GFAs often include arrangements for the care of the parent, this does not necessarily have to be the case. Arrangements may just be for the provision of accommodation alone but problems can set in if parties do not take a long term view. A parent may enter into an arrangement when they are relatively healthy, but their health may deteriorate drastically and can place a toll on emotions, nances and lifestyle adjustments. Therefore, not only must the child who is party to the granny at agreement be involved, but every family member in the household (example the child’s spouse) should be consulted about the arrangement as well. Siblings not living in the same household should also be consulted because it may be perceived that one child is receiving an advantage over another. For these reasons, we often advise our clients that all affected family members should “sign off” on the GFA – not because they are direct parties to the agreement but because it is vital they acknowledge witnessing and understanding the arrangement which should be as transparent as possible to avoid disputes later on. ;OL 9VSL 6M *LU[YLSPUR (UK 0[Z 9\SLZ Centrelink rules are designed to facilitate GFAs being entered into. Normally, transferred property or funds would be deemed to be a gift, however, Centrelink’s granny at rules allow for any property transferred or money paid to the parent’s child to be exempt of the gifting/deprivation rules. Whilst we have observed a lot of exibility by Centrelink in recognising a myriad of different styles of arrangements, there are certain rules which nonetheless need to be adhered to. These include: Centrelink will look at the value of the asset transferred to see if the parent paid a ‘reasonable amount’. If they consider that the parent has transferred more than the value of the granny at right, they will determine that the parent has been deprived of an asset. This will directly affect the amount of pension received Assets that can be transferred in exchange for a ‘granny at interest’ include the ownership of the parent’s home or other forms such as cash, stocks, bonds or jewellery and heirlooms The parent being provided with accommodation and/ or care cannot own the property that they are going to reside in The home in which the accommodation is provided must be the parent’s principal home While there is no need to physically “build” a separate granny at or a separate residence, there must be a designated room or area that allows for the parent’s exclusive occupancy. .L[[PUN -PUHUJPHS (K]PJL GFAs involve not only legal but also nancial matters. This is particularly the case where the parent receives a bene t from Centrelink or Department of Veterans Affairs or if the requirement for aged care is possible in the future. We work with specialist nancial advisers who can address those issues with you. 0TWHJ[ 6U >PSSZ 7YVIH[L Parties entering into a GFA need to be aware that money or assets given to the child in exchange for the ‘granny at interest’ no longer forms part of the parent’s estate. This means that upon the death of the parent any property or money handed over to the child will not be distributed in accordance with their will. We advise parents on their requirements for a GFA taking into account their estate planning needs as a whole. 12
.L[[PUN ( .-( >YP[[LU +V^U Where the parents interests are not adequately protected: The parent could lose all the money put into the property thus making it necessary to take legal action against the family to recover it; The law may consider that the intention was to give the money to the child without wanting it back; and/or The parent could end up homeless with a reduced pension. Getting a GFA written down forces a parent to think about contingency plans and what can happen if an arrangement is no longer workable or an unplanned event occurs (for example, the child’s relationship with their partner may break down and they decide to sell their house). Below are just some of the points we discuss with our clients so we know how best to protect a parents interests when drafting a GFA: Do they want their name to be retained on the title to the property? Are they a pensioner? Are the assets/money pledged to be gifts to the child? Do they have other children and how will the GFA impact on their inheritance? How will the parent’s contribution be calculated? What kind of personal care and support will their family provide them with, if any? Will they be liable for any upkeep of the property? What if their health worsens and they need to be moved out to a medical facility for a prolonged period? If assets are involved, under what circumstances would they allow them to be sold? What if the child passes away? How will the parent be compensated if the GFA does not work out? The general rule is that once established, granny at rights or interests cannot be revoked simply because a child wishes to sell the property. They may: Sell the property with the parent’s arrangement as a condition of sale; Transfer the parent’s life tenancy or interest to another property, or Compensate the parent nancially for losing their ‘granny at interest’. GFAs should not be entered into lightly. At Owen Hodge Lawyers, we understand that it is particularly important for the parent to obtain independent legal and nancial advice given that so much is at stake, and to prevent the possibility of nancial abuse occurring. Contact us to schedule a consultation with our team of estate planning lawyers. 13
14 4 SPECIAL DISABILITY TRUSTS
Legal matters you should consider What legal matters are now going to arise? ( TV]L [V HU HNLK JHYL MHJPSP[` PU]VS]LZ THU` UL^ [`WLZ VM KLJPZPVUZ" [OLYL HYL LTV[PVUHS PZZ\LZ HUK ÄUHUJPHS PZZ\LZ 3LNHS PZZ\LZ JHU PUJS\KL! [OL ZPNUPUN VM YLZPKLUJL HNYLLTLU[Z VY JVU[YHJ[Z JVTWSPHUJL ^P[O [OL (NLK *HYL (J[ WV^LY VM H[[VYUL` HUK N\HYKPHUZOPW PZZ\LZ N\HYKPHUZOPW [YPI\UHS TH[[LYZ >PSSZ HUK ,Z[H[L WSHUUPUN TH[[LYZ Is there now a need for an enduring power of attorney and enduring guardianship appointment to be made? ;OLZL HWWVPU[TLU[Z HYL PTWVY[HU[ WYHJ[PJHS H]LU\LZ [V KLHS ^P[O TVUL` HUK WYVWLY[` TH[[LYZ HUK OLHS[O HUK ^LSMHYL PZZ\LZ [OH[ \Z\HSS` HYPZL 4HRPUN [OLZL HWWVPU[TLU[Z ^PSS LUZ\YL [OH[ [OL WLYZVU VY WLVWSL `V\ ^PZO [V IL THRPUN [OVZL [`WLZ VM KLJPZPVUZ OH]L [OL SLNHS H\[OVYP[` [V KV ZV ;OLZL HWWVPU[TLU[Z JHU VUS` IL THKL I` WLVWSL ^OV OH]L SLNHS JHWHJP[` [V THRL [OLT ZV PM PU KV\I[ H TLKPJHS HZZLZZTLU[ ZOV\SK IL JHYYPLK V\[ Are there questions about legal capacity to be aware of? 9LZPKLU[Z VM HNLK JHYL MHJPSP[PLZ OH]L HSS ILLU MVYTHSS` HZZLZZLK I` HU HNLK JHYL HZZLZZTLU[ [LHT WYPVY [V LU[Y` 0M H WV^LY VM H[[VYUL` LUK\YPUN N\HYKPHUZOPW HWWVPU[TLU[ VY >PSS ULLKZ [V IL JOHUNLK HUK SLNHS JHWHJP[` PZ HU PZZ\L [OL HNLK JHYL HZZLZZTLU[ [LHT ZOV\SK IL HZRLK [V WYV]PKL HU VWPUPVU HIV\[ SLNHS JHWHJP[` VM [OL WLYZVU PU]VS]LK How can an accommodation bond be funded? 0[ PZ VM[LU [OL JHZL [OH[ [OL MHTPS` KV UV[ ^HU[ [V ZLSS [OL MHTPS` OVTL [V M\UK [OPZ WH`TLU[ >OPSL [OPZ PZ LZZLU[PHSS` H ÄUHUJPHS X\LZ[PVU [OLYL HYL ZVS\[PVUZ 0M `V\Y ÄUHUJPHS YLZV\YJLZ KV UV[ JV]LY [OL HTV\U[ VM [OL IVUK HUK [OLYL PZ H MHTPS` OVTL P[ PZ UV^ WVZZPISL [V M\UK P[ \ZPUN H YL]LYZL TVY[NHNL PU ZVTL JPYJ\TZ[HUJLZ You should seek independent financial advice to find the best option for your situation. Financial matters you should know about What is a basic daily care fee? ;OL IHZPJ KHPS` JHYL MLL JV]LYZ WHY[ VM [OL JVZ[ HZZVJPH[LK ^P[O NLULYHS SP]PUN L_WLUZLZ Z\JO HZ TLHSZ SH\UKY` HUK U\YZPUN JHYL ;OL HTV\U[ `V\ WH` ]HYPLZ KLWLUKPUN VU ^OL[OLY `V\ YLJLP]L H *LU[YLSPUR +=( TLHUZ [LZ[LK WLUZPVU ;OL HTV\U[ `V\ WH` TH` HSZV ]HY` PM `V\ WH` HU HJJVTTVKH[PVU IVUK V]LY H JLY[HPU SPTP[ What is an income tested fee? 0U HKKP[PVU [V [OL IHZPJ KHPS` JHYL MLL `V\ TH` HSZV OH]L [V WH` HU PUJVTL [LZ[LK KHPS` MLL [V [OL MHJPSP[` ^OLYL `V\ HYL ILPUN JHYLK MVY (U PUJVTL [LZ[LK MLL ^V\SK NLULYHSS` VUS` IL WH`HISL PM `V\ HYL H WHY[ WLUZPVULY VY UVU WLUZPVULY ;OL HTV\U[ `V\ HYL YLX\PYLK [V WH` PZ IHZLK VU `V\ HUK `V\Y WHY[ULY»Z PUJVTL ;OPZ MLL TH` IL HɈLJ[LK I` HU` TVUL` VY HZZL[Z `V\ OH]L NPM[LK ^P[OPU [OL SHZ[ Ä]L `LHYZ What is an accommodation charge/bond? ;OL (JJVTTVKH[PVU *OHYNL )VUK `V\ WH` PZ IHZLK VU [OL SL]LS VM JHYL `V\ YLX\PYL HUK [OL ]HS\L VM `V\Y HZZL[Z H[ [OL [PTL `V\ LU[LY HU HNL JHYL MHJPSP[` 0M `V\ ULLK OPNO SL]LS JHYL NLULYHSS` HU HJJVTTVKH[PVU JOHYNL PZ WH`HISL 0M `V\ ULLK SV^ SL]LS JHYL VY HYL NVPUN PU[V H MHJPSP[` ^OPJO WYV]PKLZ L_[YH ZLY]PJLZ NLULYHSS` HU HJJVTTVKH[PVU IVUK PZ WH`HISL Keep the family home or rent it out? ;OLYL PZ UV KLÄUP[P]L HUZ^LY [V [OPZ X\LZ[PVU -VY ZVTL P[ TH` IL HWWYVWYPH[L [V ZLSS HUK MVY V[OLYZ PZ TH` IL HWWYVWYPH[L [V THPU[HPU [OL OVTL HUK YLU[ P[ V\[ 5V TH[[LY ^OH[ `V\ KLJPKL [OLYL HYL H U\TILY VM MHJ[VYZ [V JVUZPKLY HUK P[ ^V\SK IL WY\KLU[ [V VI[HPU WLYZVUHSPZLK HK]PJL YLNHYKPUN [OPZ [VWPJ IMPORTANT THINGS YOU SHOULD KNOW WHEN ENTERING AN AGED CARE FACILITY 15
STRATION OF ED ESTATES 16 ADMINISTRATION OF DECEASED ESTATES Is there a Will? *OLJR [OL \Z\HS WSHJLZ >PSSZ HYL kept: /VTL :VSPJP[VYZ VɉJL )HUR What is an Executor? (U L_LJ\[VY PZ [OL WLYZVU HWWVPU[LK I` [OL KLJLHZLK PU [OLPY >PSS [V VI[HPU H NYHU[ VM 7YVIH[L HUK HKTPUPZ[LY [OLPY LZ[H[L ;OL L_LJ\[VY PZ YLZWVUZPISL MVY LUZ\YPUN [OH[ [OL M\ULYHS HYYHUNLTLU[Z HYL THKL ;OL L_LJ\[VY ^PSS [OLU IL YLZWVUZPISL MVY JVSSLJ[PUN [OL HZZL[Z VM KLJLHZLK WH`PUN [OL KLJLHZLK»Z KLI[Z HUK KPZ[YPI\[PUN [OL HZZL[Z [V [OL ILULÄJPHYPLZ UHTLK PU [OL >PSS What if there is no Will? 0M [OL KLJLHZLK KPK UV[ SLH]L H >PSS [OL SH^ Z[H[LZ ^OV PZ [OL UL_[ VM RPU VM [OL KLJLHZLK HUK ^OV PZ LU[P[SLK [V YLJLP]L [OL KLJLHZLK»Z LZ[H[L 0M `V\ HYL H UL_[ VM RPU LN! ZWV\ZL JOPSK IYV[OLY VY ZPZ[LY L[J `V\ TH` IL LU[P[SLK [V YLJLP]L LP[OLY HSS VY WHY[ VM [OL KLJLHZLK»Z LZ[H[L HUK [OLYLMVYL LU[P[SLK [V THRL HU HWWSPJH[PVU [V [OL :\WYLTL *V\Y[ MVY HKTPUPZ[YH[PVU VM [OL KLJLHZLK»Z LZ[H[L 6UJL [OL *V\Y[ HWWVPU[Z HU HKTPUPZ[YH[VY [OL HKTPUPZ[YH[VY ^PSS IL YLZWVUZPISL MVY JVSSLJ[PUN [OL HZZL[Z VM [OL LZ[H[L WH`PUN KLI[Z HUK KPZ[YPI\[PUN [OL HZZL[Z [V [OL UL_[ VM RPU HZ KL[LYTPULK I` [OL SH^ How can I pay the debts of the estate? (Z L_LJ\[VY VY HKTPUPZ[YH[VY VM [OL LZ[H[L `V\ HYL UV[ H\[OVYPZLK [V WH` HU` KLI[Z VM [OL LZ[H[L \U[PS `V\ OH]L VI[HPULK H .YHU[ VM 7YVIH[L VY 3L[[LYZ VM (KTPUPZ[YH[PVU MYVT [OL *V\Y[ 0M [OL KLJLHZLK OLSK H IHUR HJJV\U[ [OL IHUR ^PSS WH` [OL M\ULYHS HJJV\U[ \WVU WYVK\J[PVU VM [OL VYPNPUHS M\ULYHS HJJV\U[ HUK WHZZIVVR ;OL IHUR ^PSS KYH^ H JOLX\L PU MH]V\Y VM [OL M\ULYHS KPYLJ[VY 0M [OLYL HYL HU` KLI[Z YLX\PYPUN WH`TLU[ `V\ JHU WH` [OLZL HUK VI[HPU H YLM\UK MYVT [OL LZ[H[L ^OLU TVUPLZ OH]L ILLU JVSSLJ[LK VU ILOHSM VM [OL LZ[H[L What are the Executors or Administrators initial responsibilities? -VSSV^PUN [OL KLH[O VM [OL KLJLHZLK `V\ ZOV\SK! 4HRL H SPZ[ VM HSS HZZL[Z VM [OL estate :LJ\YL HU` HZZL[Z LN! LUZ\YL [OH[ HU` YLHS LZ[H[L PZ WYVWLYS` SVJRLK [V WYL]LU[ IYLHR PU ,UZ\YL YLHS LZ[H[L PZ HKLX\H[LS` PUZ\YLK *VSSLJ[ HU` ]HS\HISL HZZL[Z LN! QL^LSSLY` HUK VY TVUL` MYVT [OL OV\ZL 4HRL HU HWWVPU[TLU[ [V ZLL H SH^`LY ^OV ^PSS HK]PJL `V\ M\Y[OLY How does the Executor or Administrator transfer the deceased’s assets so they can be sold? 0U TVZ[ LZ[H[LZ [OL L_LJ\[VY VY HKTPUPZ[YH[VYZ T\Z[ HWWS` [V [OL :\WYLTL *V\Y[ VM 5:> MVY H\[OVYP[` [V KLHS ^P[O [OL LZ[H[L HZZL[Z ;OPZ H\[OVYP[` PZ JHSSLK 7YVIH[L ^OLYL [OLYL PZ H >PSS VY 3L[[LYZ VM (KTPUPZ[YH[PVU ^OLYL [OLYL PZ UV >PSS ;OL L_LJ\[VY VY HKTPUPZ[YH[VY KVLZ UV[ H[[LUK *V\Y[ ;OL HWWSPJH[PVU PZ THKL I` [OL L_LJ\[VY VY HKTPUPZ[YH[VY I` HɉKH]P[ L]PKLUJL Z^VYU Z[H[LTLU[ ;OL HɉKH]P[ PUMVYTZ [OL *V\Y[ VM [OL KLJLHZLK»Z HZZL[Z HUK SPHIPSP[PLZ HUK ^OV [OL ILULÄJPHYPLZ HYL The original Will and certified copy of the death certificate are also forwarded to the Court as part of the application. How long does it take to administer the estate? <Z\HSS` [OL LZ[H[L HKTPUPZ[YH[PVU PZ JVTWSL[LK ^P[OPU TVU[OZ VM [OL KH[L VM KLH[O /V^L]LY P[ JHU [HRL SVUNLY ^OLU [H_H[PVU YL[\YUZ HYL YLX\PYLK [V IL SVKNLK VY YLHS LZ[H[L VY ZOHYLZ HYL [V IL ZVSK VY [OL LZ[H[L PZ ILPUN JVU[LZ[LK Does the estate have to pay death duty? +LH[O K\[` PZ UV[ WH`HISL VU KLJLHZLK LZ[H[LZ Can I get reimbursed for my expenses for administering the estate? @LZ ,_LJ\[VYZ HUK (KTPUPZ[YH[VYZ HYL YLWHPK MYVT [OL LZ[H[L MVY LZ[H[L L_WLUZLZ HUK TH` THRL HWWSPJH[PVU [V [OL *V\Y[ [V IL WHPK H JVTTPZZPVU MVY [OLPY [PTL HUK [YV\ISL PU HKTPUPZ[LYPUN [OL LZ[H[L Who should I speak to if I have further questions? -VY TVYL PUMVYTH[PVU JVU[HJ[ V\Y ,Z[H[LZ 7YVWLY[` ;LHT 6\Y SH^`LYZ HYL H]HPSHISL [V HZZPZ[ `V\ ZOV\SK `V\ OH]L HU` X\LZ[PVU ;OLZL UV[LZ HYL VM H NLULYHS UH[\YL HUK HYL UV[ H Z\IZ[P[\[L MVY WYVWLY SLNHS HK]PJL
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THE AUSTRALIAN DEATH NOTIFICATION SERVICE >OH[ VYNHUPZH[PVUZ JHU IL UV[PÄLK [OYV\NO [OL (\Z[YHSPHU +LH[O 5V[PÄJH[PVU :LY]PJL& Organisations elect whether they will be part of the service. The current organisations participating in the service include banks and nancial institutions which includes all four major banks, superannuation companies, utility companies inclusive of Sydney Water, Local Councils, Government Organisations, Insurance companies, personal service providers and education organisations. /V^ T\JO KVLZ P[ JVZ[ [V \ZL [OL (\Z[YHSPH +LH[O 5V[PÄJH[PVU :LY]PJL& There is no cost or fees involved in using the service. >OH[ OHWWLUZ HM[LY [OL UV[PÄJH[PVU PZ Z\ITP[[LK [OYV\NO [OL (\Z[YHSPH +LH[O 5V[PÄJH[PVU :LY]PJL& Once the details have been provided and submitted through the service an acknowledgment will be sent to the submitter. In the event that further information or documentation is required by the organisation, contact will be made to the submitter directly by the organisation outlining their requirements. You can provide this information to our estates team at Owen Hodge Lawyers who can assist you with ful lling the organisations requirements. >OH[ PZ [OL (\Z[YHSPHU +LH[O 5V[PÄJH[PVU :LY]PJL& The Australian Death Noti cation Service is a user friendly online service designed to assist families by notifying multiple organisations in an ef cient way that the owner of an account or membership with that organisation has passed away. The website address for the service is https:// deathnoti cation.gov.au/ >O` \ZL [OL (\Z[YHSPHU +LH[O 5V[PÄJH[PVU :LY]PJL& The service provides a methodical process to notify multiple organisations of a person’s passing. Only one noti cation is required to be completed by the user in order to inform various organisations. This saves time contacting each individual organisation. >OV JHU \ZL [OL (\Z[YHSPHU +LH[O 5V[PÄJH[PVU :LY]PJL& The service can be accessed by anyone, however it is recommended that the executor of a Will or the proposed administrator of an estate contact the service to ensure future correspondence is directed to the correct person. >OH[ KV 0 ULLK [V \ZL [OL (\Z[YHSPHU +LH[O 5V[PÄJH[PVU :LY]PJL& Prior to accessing the service you will need to have been issued with the registered death certi cate from the relevant State or Territory Registry of Births, Deaths and Marriages. You will also need the deceased person’s full name, address, date of birth and date of death and a record of the organisations you wish to notify. The service will also request the contact name and details of the person using the service and whether the contact person has an of cial role in the estate such as an executor or administrator. /V^ [V SL[ VYNHUPZH[PVUZ RUV^ H WLYZVU PZ KLJLHZLK 18
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