Disclosure of assets to the court

Any person (including an executor, trustee, bank or other institution) who deals with an asset of the deceased without first either:

  • disclosing it to the court; or
  • being satisfied that the asset has been disclosed to the court

is guilty of an offence and liable to a fine of up to $2000 [s 121A].

If a formal grant of probate or letters of administration is not needed (see release of assets) assets need not be disclosed.

Disclosure of assets to the court  :  Last Revised: Thu Nov 13th 2014
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