General Estate Planning issues (Wills, PoA, AHDs)

[MARTINE]

Why do people use the Public Trustee? Do they create wills for free so people think they are saving legal fees? And then of course, how predictable, likely encouraged? to nominate the public trustee as executor. Maybe they think it would be a burden for the kids?

They would be the last I would use for this purpose — glacial pace — takes months to get basic decision — handing over your assets to the state gov to administer. No thanks!

 

[love_the_life]

They would be the last I would use for this purpose — glacial pace — takes months to get basic decision — handing over your assets to the state gov to administer. No thanks!

My late FIL used State Trustee in Vic - he had a hate on solicitors for some reason and decided to use the PT. In the will he left the house to his wife as a life Interest but then it was to go to the children. She outlived him by over 20 years and spent the last 3 yrs in a nursing home, with the house empty as she had dementia and wouldn't sign her interest away. Eventually her children did convince her. The first thing MrLtL and sister did was to transfer home into their names and get rid of PT.

 

[Brissy1]

An employee in the Public Trustee SA gave my Aunt good, honest, advice... strongly suggested she use a solicitor as it would be much much cheaper.

 

[cove]

Yes I know our WA Public Trustee charges commissions that can be pretty large.