Deceased Estates

Small Estates

In Victoria, South Australia, Tasmania and Queensland property vests in the executor under a will from the date of death of the deceased.

In these states, in certain circumstances the DAA may process transactions at the direction of an executor without the need for a grant of probate.

The DAA may proceed without a grant only if all the following conditions are met:

a)	The deceased has a valid will;
b)	The total gross assets of the deceased estate including the remaining value of units issued by the DAA do not exceed $150,000;
c)	The remaining value of the units does not exceed $20,000;
d)	The executor named in the will completes a Statutory Declaration in the approved form with certified copies of the death certificate and the deceased's will attached;
e)	The executor named in the will completes an Indemnity in the approved form; and
f)	The deceased died at least 6 months before the date of the Statutory Declaration by the executor named in the will.

Please note that when there is more than one executor, all executors named in the will must sign a statutory declaration and an indemnity.

The approved statutory declaration and indemnity can be obtained by calling the register on 1300 652 593 or clicking on the links below.

This page was last modified on 21st July, 2006 | Disclaimers