PROBATE AND ADMINISTRATION ACT 1898 - SECT 46A
Real and personal estate of person dying after commencement of Conveyancing (Amendment) Act 1930 are assets for payment of debts
PROBATE AND ADMINISTRATION ACT 1898 - SECT 46A
Real and personal estate of person dying after commencement of Conveyancing (Amendment) Act 1930 are assets for payment of debts
46A Real and personal estate of person dying after commencement of
Conveyancing (Amendment) Act 1930 are assets for payment of debts
(1) The real and personal estate of a person dying after the commencement of
the Conveyancing (Amendment) Act 1930 , to the extent of the person's
beneficial interest therein, and the real and personal estate of which a
person so dying disposes by the person's will (whenever made) in exercise of a
general power, shall be assets for the discharge of the funeral, testamentary
and administrative expenses, debts, and liabilities.
(2) If any person to
whom any such beneficial interest devolves or is given, or in whom any such
interest vests, disposes thereof in good faith before any proceeding is taken
or process is sued out against the person, the person shall be personally
liable for the value of the interest so disposed of by the person, but that
interest shall not be liable to be taken in execution in the proceeding or
under the process.
