REFERENCE SERIES 101 Succession Answers for NSW Including Appointments of Enduring Guardian, Powers of Attorney, Wills, Probate and Administration and Family Provision Contents ENDURING GUARDIAN .............................................. 4 Administration ........................................................... 22 Generally ...................................................................... 4 Administration bond .................................................. 23 Application of the legislation ........................................ 5 Administrator ............................................................. 23 Appointment ................................................................ 5 Administrator – Commission...................................... 23 Appointor ..................................................................... 6 Administrator – Duties ............................................... 23 Appointee ..................................................................... 6 Application for a grant of probate or letters of Capacity ........................................................................ 7 administration ............................................................ 24 Corporations ................................................................. 7 Application to revoke a grant of probate or letters of administration ............................................................ 26 Execution ...................................................................... 8 Application with the will attached ............................. 26 Financial management ................................................. 8 Assets – Transfer or Transmission of assets ............... 27 Functions of a guardian ................................................ 8 Assets of the estate .................................................... 28 General principles ........................................................ 9 Beneficiaries ............................................................... 31 Guardians ................................................................... 10 Benjamin orders ......................................................... 37 Interstate and international guardians ...................... 12 Bequests ..................................................................... 37 Joint guardians ........................................................... 12 Burials, cremations and funerals................................ 37 Legislation .................................................................. 13 Capacity ...................................................................... 38 McKenzie friends ........................................................ 13 Caveats ....................................................................... 39 Medical and dental treatment ................................... 13 Codicils ....................................................................... 41 Resignation ................................................................. 14 Co-executors – Authority to act ................................. 41 Review ........................................................................ 14 Commission ................................................................ 41 Revocation .................................................................. 14 Contested will matters ............................................... 43 Suspension ................................................................. 15 Construction of the will .............................................. 44 Tribunal ...................................................................... 15 Contracts entered into or completed before probate Witnesses ................................................................... 15 or administration is granted ...................................... 44 ESTATES .................................................................. 18 Court – Power over wills and estates ......................... 46 Accounts ..................................................................... 19 Crisp orders ................................................................ 47 Ademption .................................................................. 21 Death .......................................................................... 47 1 | P a g e Connect Death of joint executor .............................................. 49 Extension of time ..................................................... 112 Death of single executor ............................................ 49 Factors warranting ................................................... 113 Delegation by executor .............................................. 49 Family law orders ..................................................... 114 Disclosure ................................................................... 51 Grandchildren .......................................................... 114 Executors .................................................................... 51 Interim provision ...................................................... 117 Grants ......................................................................... 52 Intestacy ................................................................... 119 Hotchpot..................................................................... 53 Legislation ................................................................ 120 Gifts to charities ......................................................... 54 Matters to be considered by the court .................... 120 Informal wills .............................................................. 54 Notional estate......................................................... 122 Injunction ................................................................... 55 Orders ...................................................................... 127 Intermeddling ............................................................. 56 Release of rights ....................................................... 129 Intestacy ..................................................................... 56 Testamentary freedom ............................................ 130 Judicial advice ............................................................. 59 Widows .................................................................... 131 Joint mortgage responsibilities .................................. 59 POWERS OF ATTORNEY ........................................ 135 Joint ownership .......................................................... 59 Generally .................................................................. 136 Larke v Nugus letters .................................................. 60 Application of the legislation ................................... 136 Legislation .................................................................. 61 Appointment ............................................................ 137 Letters of administration ............................................ 61 Attorney ................................................................... 137 Life estates and similar interests ................................ 61 Capacity .................................................................... 138 Life tenancy ................................................................ 62 Corporations ............................................................ 138 Litigation ..................................................................... 63 Death ........................................................................ 139 Missing will ................................................................. 64 Delegation ................................................................ 139 Personal liability of executor ...................................... 66 Directions ................................................................. 140 Property of the estate ................................................ 66 Directors ................................................................... 140 Rectification of a will .................................................. 66 Enduring power of attorney ..................................... 141 Renunciation as executor ........................................... 67 Execution .................................................................. 142 Replacement or removal of executor ......................... 68 Executor ................................................................... 142 Resignation of executor ............................................. 68 General power of attorney ...................................... 142 Revocation .................................................................. 68 Incommunicate ........................................................ 142 Small estates .............................................................. 68 Insolvency ................................................................ 143 Subpoenas, notice to produce and disclosure ........... 69 Interstate powers ..................................................... 143 FAMILY PROVISION ................................................. 70 Irrevocable power of attorney ................................. 144 Generally .................................................................... 71 Joint attorneys ......................................................... 144 Adequate provision .................................................... 72 Legislation ................................................................ 144 Adult