NSW Shares - joint holdings

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Julee

Well-Known Member
14 April 2019
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Hi, the deceased has a will leaving everything to one party. They also hold a substantial joint share holding with this party. I know with joint holdings the beneficiary is the surviving joint holder. In this situation though does the value of the joint holding require to be added to probate and form part of the total value of the estate?
 

Docupedia

Well-Known Member
7 October 2020
378
54
794
Joint assets don't form part of an estate, because there is no divisible share in the asset.
 

Tim W

Lawyer
LawConnect (LawTap) Verified
28 April 2014
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2,894
Sydney
What sort of asset is it?