VIC Declining Inheritance from Father - Will It Go to Our Mother?

Discussion in 'Wills and Estate Planning Law Forum' started by TomasMalaias, 12 March 2019.

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  1. TomasMalaias

    TomasMalaias Member

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    We are 3 siblings and our father has split properties under his name between the 3 of us. Our parents had divided property years ago so they have equal share of property and income even though they are still married and together.

    Our father split his properties various ways between us three children. It's not a great split and it has come as a surprise to all of us. If all 3 siblings / children refuse the inheritance, will it automatically be handed to our mother? We think this is the best outcome for now and we can then discuss the future dividing of the estate with our mother and update our mother's will. If we all refuse our father's inheritance, will all our father's estate go to our mother?
     
  2. Rod

    Rod Well-Known Member
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    The gifts in the will fail and revert to the residual estate. You need to see what the will says about the residual estate. Eg remainder could go to charity.

    Suspect you should get proper legal advice for assets of considerable value. I can help if you don't already have a lawyer doing probate.
     
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