72L—Election by spouse or domestic partner to take dwellinghouse
(1) Subject to this
Part, where the intestate estate of an intestate who is survived by a spouse
or domestic partner includes an interest in a dwellinghouse in which the
spouse or domestic partner of the intestate was residing at the date of the
intestate's death, the spouse or domestic partner may elect to acquire that
interest at its value as at the date of the death of the intestate.
(2) An election under
this section must be made—
(a)
where the spouse or domestic partner is an administrator of the
intestate estate—within three months after the date on which
administration of the intestate estate was granted by the Court; or
(b)
where the spouse or domestic partner is not an administrator of the
intestate estate—within three months after the administrator serves a
notice personally or by post upon him requiring him to make an election under
this section,
or within such extended period as the Court may allow.
(3) An election by a
spouse or domestic partner shall be furnished in writing—
(a) if
the spouse or domestic partner is not an administrator of the
intestate estate—to the administrator; or
(b) if
the spouse or domestic partner is an administrator of the intestate
estate—to the Public Trustee.
(4) Where a spouse or
domestic partner elects, pursuant to the provisions of this section, to
acquire an interest in a dwellinghouse—
(a) the
amount to which he is entitled out of the intestate estate shall be reduced by
the value of that interest; and
(b) if
the value of that interest exceeds the amount to which the spouse or domestic
partner is entitled out of the intestate estate, the spouse or domestic
partner shall, upon making the election, pay into the intestate estate the
difference between that value and the value of his interest in the intestate
estate.
(5) Where the spouse
or domestic partner of an intestate is an administrator of the
intestate estate, he may, notwithstanding that he is a trustee, acquire in
pursuance of this section an interest in a dwellinghouse that forms part of
the intestate estate.