Victoria to amend Wills Act

12 June 2007
| By John Wilkinson |

The Victorian State Government is to amend the Wills Act to allow disabled Victorians who lack the intellectual capacity to make a will.

The court will be able to authorise a statutory will that reflects what the intentions of the person might reasonably be if they had the capacity to make a will.

The Victorian Attorney General Rob Hulls said the authorisation of such a will enables a person’s estate to be distributed appropriately.

“This amendment will enhance the rights and dignity of people with intellectual disabilities or those who suffered a brain injury from a young age, who have never been able to express their final wishes,” he said.

“Without such a will, the person’s possessions and assets might be distributed under state laws that decide how the estate is to be divided, and this is not always appropriate.”

Hulls said the amendment was also designed to address potential injustices such as a family member who had not helped to raise the disabled child then becoming entitled to a portion of their estate when the child dies.

“If the child had been awarded damages from an accident, then the estate could be sizable,” he said.

“This could create unfairness for those who had devoted their lives to caring for the child if others can claim a share merely because the child dies intestate.”

There is no indication from the State Government about when the amendment will become law.

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

5 days 21 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 week 3 days ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

4 weeks 1 day ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

3 weeks 3 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

1 week 2 days ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

1 week 1 day ago