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My dad aged 89 has died on 27/6/2012 His wife is his executor and is an aged care facility but is very with it mentally. She has signed that I am her enduring power of attorney. They own no property and both were on a full pension at Napier Street Aged care facility South Melbourne. When I have sold Dads shares, his cash will be less than $10,000 and Mum is the sole beneficary of his will.Do I have to do probate on his will. I thought that Mum could just keep the money as it is in both heir names in the bank.Please advise mills.elaine.j @edumail.vic.gov.au
Optional Information: State/Territory: Vic Already Tried: look on line for documents about probate.
Good Evening,
No all assests are in cash and in both my Mum and Dads name. There are 720 Singtel shares which aren't worth much and 1600 Telstra shares. I have sent letters to sell these.
They have no property and no deposit at the aged Care facility.The pension pays for the room
The bank accounts are in both names. $7500 in one account $13000 in a fixed deposit account
Good Evening
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When you say write to them all, who do I write to? The bank, Birth Deaths and Marriages or a court.
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Thankyou for your answers. I am ready and happy to pay for your advice. Just one more question. I searched the probate court on line and it says that for estates under $50,000 i should visit them in person.
There will be no people coming out of the woodwork for a claim on dads cash. We settled all of his bills 20 years ago when he had a sroke. He owns nothing and owes nothing. Not a bad way to leave the world. My sisters and brothers have been providing a home for them for the last 20 years and I have been managing their affairs for the last 3 years.
The cash is all there is.
So all I have to do is write a few letters to the banks and get them to take off Dads name. Everything will be in Mums name so it will be all hers.
Thanks for your help
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)