WA Funeral Insurance leftover money query plus valuation query?

Discussion in 'Wills and Estate Planning Law Forum' started by Sue Stubbins, 6 December 2018 at 9:26 AM.

  1. Sue Stubbins

    Sue Stubbins Member

    5 December 2018
    Likes Received:
    My brother and I were nominated beneficiaries for my late mum's funeral insurance fund plus we are both Executors to my mum's estate . The funeral insurance policy was not part of the will. After funeral expenses were paid, the remaining $1800 were placed into a bank account with the intention of using it to put towards a headstone. We have a sibling (estranged) that is a beneficiary to the estate that is saying the excess money is to be added to the estate.Is this the case? I have searched online for answers cannot find an answer.
    Also my brother is considering buying out my sister's share of mum's house, which was to be divided equally between the 3 of us. Is he required to get a market valuation or independent valuation of the house?
    Thanks in advance

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