A Statutory Will

What is a Statutory Will?

  • A statutory will is a will that has been made by or on behalf of a person that doesn’t have legal capacity to make a will, and that will gets validated by the Court because the judge has been persuaded that the will-maker would have made that particular will if they did in fact have capacity.

 What are the Components of a Statutory Will?

  • A statutory will is typically very similar, if not identical in form, to a simple will except it will be drafted in accordance with Court Orders, a copy of which should be attached to the will itself.

 Why Would I Want to Get a Statutory Will Made for One of My Family?

  • A person may be a candidate for a statutory will if they are likely to have assets when they die but the law does not allow them to make a will, meaning the rules of intestacy apply. However, application of these rules could result in the assets going to people who the will-maker would never have reasonably expected to receive a benefit.

  • A person may be a candidate for a statutory will if they are under the age of 18 years and have come to own substantial assets either by receiving an inheritance or by generating their own income.

  • A person may be a candidate for a statutory will if they have an intellectual disability and are likely to receive substantial assets by inheritance or by receiving compensation payment by winning a negligence claim or due to abuse.

  • A person may be a candidate for a statutory will if they have substantial assets (or are likely to inherit substantial assets) and they have lost capacity through dementia.

 Links:-

 http://www.austlii.edu.au/au/legis/nsw/consol_act/sa2006138/s18.html