NSW Inheritance and Will - Bequeathing Joint Shares to Another Person?

Australia's #1 for Law
Join 150,000 Australians every month. Ask a question, respond to a question and better understand the law today!
FREE - Join Now

MEM

Member
3 December 2015
2
0
1
Can shares in a pty ltd company held as 'joint members' with one other person be bequeathed as inheritance in a will to someone other than the other 'joint member'?
 
S

Sophea

Guest
Hi MEM,

Generally, with all forms of jointly owned property - it automatically passes to the remaining owner and therefore is not the deceased joint owner's property to bequeath to someone else upon their death.