A nominated person does not have to accept the appointment as executor. A nominated person can, before applying for a Grant of Probate, appoint the State Trustee to act in their stead, or simply sign a renunciation. 

However, once a person has undertaken any aspect of the duties of executor, they have effectively accepted the role, and it is much harder to renounce. As such, if someone is ambivalent about acting as executor, he or she should avoid undertaking any of the duties of the executor until they have made a final decision about accepting the role.

Ambulance Cover

What is Ambulance Cover In an emergency, calling 000 and the resulting trip to the hospital is traumatic enough, but imagine receiving a bill afterwards. This is where ambulance cover comes into play, often covering expenses like hospital transport and being treated...

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Organ Donor

Donation is the giving of an organ and tissue to help someone that needs a transplant. Transplants can save or transform the life of a person.  One organ and tissue donor can help transform the lives of more than 10 people. This relies on donors and their families...

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Superannuation Binding Death Nomination

Superannuation is not an estate asset; on death, it does not automatically flow to the deceased's estate. The trustee of the super fund will generally pay a death benefit in accordance with the governing rules of the fund and relevant law. A binding death benefit...

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Digital Assets

How to make sure your digital property ends up in the right hands. Make A List Of All Your Digital Assets And How To Access Each One What digital assets do you own? Make a list of your digital assets, including everything from hardware to social media accounts to...

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Cryptocurrency

It’s important to address what you’re going to do with all your assets including cryptocurrency in your Will to avoid serious issues such as beneficiaries not being able to access what you’ve left them. The most important consideration when leaving Bitcoin or another...

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Can I include a charity as a Beneficiary in a Will?

While loved ones should always be your first consideration, have you ever thought about the legacy that you could leave behind by including a charity as a beneficiary in your Will? Around 25% of Australians say they would like to include a charity but it’s often not...

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