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Does the Public Trustee automatically sell all the assets in a deceased estate?
No. There is extensive consultation with the beneficiaries before any asset is sold. In fact, most estate's assets - including the family home - are not sold but are transferred directly to the beneficiaries. In cases where the beneficiary's request that any real estate be sold, a valuation is obtained and there is ample opportunity to set the reserve price and negotiate acceptable offers.
When a person dies without a Will, does the Public Trustee automatically become involved?
No, but the Public Trustee can administer the estate if all the beneficiaries are agreeable.
Can family members approach the Public Trustee to administer an intestate estate?
Yes, but all entitled next of kin must consent. Contact us on 1300 746 116 for detailed requirements, brochure and schedule of fees.
How can I pay for my deceased mother's/father's funeral?
Contact the bank, building society or credit union and they can pay the funeral out of the deceased's account.
I am an executor of an estate and have completed the administration duties except for funds held for minor beneficiaries. Can the Public Trustee take over from me and hold the funds until the minors are entitled to get them?
Yes. The Public Trustee can act as substitute trustee.
The executor of my mother's Will is not doing the right thing. What can I do about it?
Contact a solicitor. An executor can only be removed by an order of the court.
Last Updated: 30-Jun-2009
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