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NSW Deceased Estate - Probate and Assets as Joint Tenants?

Discussion in 'Wills and Estate Planning Law Forum' started by Sylviane Darbellay, 17 March 2015.

  1. Sylviane Darbellay

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    Deceased estate. In Inventory of property, there are 2 sections: Assets owned solely by deceased and Assets owned as joint tenants with another or others. What I would like to know is whether the value of the house owned as joint tenants is to be included in the Gross value of the estate or only property owned solely by the deceased is to be declared as gross value of the estate.
     
  2. hlly

    hlly Well-Known Member

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    Generally property owned with another as joint tenants will revert to them upon death and is not part of the estate. A person can fix this by changing their interest in the property to one of a tenant-in-common.
     
  3. Sylviane Darbellay

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    Thank you hlly, but your reply does not answer my question, I am sorry. What I want to know is whether an asset registered as joint tenants should be added to the assets owned solely by the deceased when making a declaration as to the total value assets
     
  4. winston wolf

    winston wolf Well-Known Member

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    Are you referring to a probate application or some other reason?
     

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