WA Refusing Part of a Bequest

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Mischa

Member
25 August 2022
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I am the Executor of an Estate that includes a 60 ft boat which is in very poor condition, basically worthless, and will be expensive to dispose of. Can I refuse to accept the boat as part of the Estate?
 

Tim W

Lawyer
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28 April 2014
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Do you mean as a gift to yourself?
Or do you want to somehow not count it in the Inventory?
 

Mischa

Member
25 August 2022
2
0
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No it is not a gift to myself. I am the Executor of an Estate that includes a boat that is basically a financial liability. I want to know if the Estate has to accept this liability as I am concerned that it may cost more than the assets of the Estate. It is not mentioned specifically in the will.
 

Tim W

Lawyer
LawConnect (LawTap) Verified
28 April 2014
4,946
820
2,894
Sydney
No it is not a gift to myself. I am the Executor of an Estate that includes a boat that is basically a financial liability. I want to know if the Estate has to accept this liability as I am concerned that it may cost more than the assets of the Estate. It is not mentioned specifically in the will.
To be a liability, then there must be some sort of duty to make good, or keep it up to a standard - such as if it was a workplace.
Why do you think you can't just sell it as/ how is?