Money magazine Comments - Ask Paul: We could lose our pensions because our brother died without a will Losing a sibling is hard enough but now two of Sue's siblings could lose their pensions if they automatically inherit money from his estate. https://www.moneymag.com.au/feed/latest?story=179799804 Sat, 03 Jun 2023 02:05:34 +1000 Sat, 03 Jun 2023 02:05:34 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: We could lose our pensions because our brother died without a will https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Melanie Milne ()

There is a document the executor or a solicitor can submit as part of Probate if all beneficiaries agree to distribute the estate differently. For example you could state that the beneficiary's amount of the estate be distributed instead to other relatives in place of the original beneficiaries. All beneficiaries must sign in agreement. Then the estate funds are considered an inheritance to named relatives and are not taxed nor increasing the assets of the original beneficiary.

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]]> Melanie Milne () Sat, 03 Jun 2023 02:05:34 +1000