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 [see Administration and Probate Act 1919 (SA) s 121A].
If a formal grant of probate or letters of administration is not needed (see release of assets) assets need not be disclosed.
If a statement of assets an liabilities has already been generated by CourtSA, and something needs to be added or corrected, a paper Form 56 needs to be used at this stage. Eventually, this will be done through CourtSA as well. See Probate and CourtSA for more information.
Disclosure of assets to the court : Last Revised: Fri Nov 30th 2018
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