Another consideration is that if the deceased was married at the time of their death — to a step - parent, for example — that person may be entitled to an election under the Family Law Act to receive an equalization payment and make
a potential claim against the estate.
A # 55 million landed estate involving the death of a husband and wife in quick succession, heritage relief claims, re-financing and a negotiated settlement of
potential claims against the estate and claims from potential beneficiaries of discretionary trusts.
Not exact matches
In both situations, if the effect of the Will or the laws of intestacy is not to make reasonable financial provision for a
potential claimant, then a
claim can be made
against the
estate under the Inheritance (Provision for Family and Dependants) Act 1975.
``...... the section requires the court to embark on an enquiry into the
potential claims against the payor's future
estate as well as into the future
estate's ability to pay.
You are the executor, personal representative or attorney for a deceased's
estate and are required to notify all
potential creditors of their opportunity to present a
claim against the
estate.
Also, the real
estate representative, who served as representative for both buyers and seller, sent a statement to the purchasers indicating that they were waiving any
potential claims regarding structural defects
against the listing agency, selling representative, and owner of the property.