Small estates of less than $20,000
When a person dies and leaves an estate that is less than $20,000 in value, whether there is a will or not, you may be able to take control of the estate yourself without asking the Supreme Court for a grant of representation.
This can save time and money.
You can also take control of a small estate with a grant of representation.
Read more about grants of representation and taking control of an estate.
Example of a wife administering a small estate of her husband
The husband has a will and leaves his wife all of his estate.
The estate consists of:
- a bank account
- some personal effects
- a car.
The wife will need to do all of the following:
- arrange the funeral and burial or cremation - any funds in the husband’s bank account can be used to pay for his funeral
- apply for a death certificate, although this is usually done by the funeral company
- tell government authorities such as Medicare, the Australian Tax Office and Centrelink
- tell pension companies
- pay any debts
- arrange for the car to be transferred into her name
- talk to the bank about closing his account
- re-arrange insurance policies
- tell the landlord or housing department about change in tenancy agreement if their property is rented
- transfer any jointly owned property into her name by filling out a transfer form with the Land Titles Office.