Deceased Estates

Handle deceased estates with precision and empathy.

A deceased estate refers to all of the property, assets, liabilities and debts belonging to the person when they died. A Will provides instructions on how they would like their deceased estate to be distributed and is managed by a nominated executor.

A trustee is appointed in a deceased estate when the executer realises that the estate is bankrupt and then will appoint the trustee to manage the estate.  

Here's how this typically unfolds:

Existing Bankruptcy: If the individual was already declared bankrupt and under the management of a bankruptcy trustee at the time of their death, the same trustee usually continues to manage the bankruptcy estate. This process includes settling the deceased's debts according to bankruptcy laws.
Insolvent Estate: If the deceased was not formally bankrupt but their estate is insolvent (meaning the liabilities exceed the assets and there is insufficient estate property to cover the debts), the executor or administrator of the estate might seek the appointment of a bankruptcy trustee. This is usually done through an application to the court or directly via a bankruptcy service.

Deceased Estates

Navigating Assets, Debts, and Insolvency with Clarity

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Managing a deceased estate is a complex, sensitive process.

Here’s why families and beneficiaries choose TTJ Advisory:

Experienced Guidance

With deep expertise, we handle estates with professionalism and care.

Ethical and Fair Approach

We honour both the legal and personal wishes outlined in the will.

Clear Communication

We keep all parties informed, providing transparent updates throughout the process.

Compassionate Service

We approach every case with empathy, understanding the emotional challenges involved.

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Frequently Asked Questions

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Small Business Restructuring

Creditors' Voluntary Liquidation (CVL)

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Receivership

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Personal Insolvency Agreement (PIA)

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Statutory Trusteeship

Deceased Estate

How TTJ Advisory Assists with Deceased Estates

Asset Protection and Management

We secure and carefully manage all estate assets, ensuring they are handled in line with the will’s instructions and legal standards.

Debt Settlement and Claim Resolution

TTJ Advisory handles all outstanding debts and legal claims, providing clarity and fairness to both creditors and beneficiaries.

Efficient Estate Administration

Our team oversees every phase of the process, ensuring all tasks are completed smoothly and efficiently.

Transparent Communication

We keep beneficiaries informed and involved, providing clear updates and respecting the sensitivities involved.

Respectful Distribution

Following the will’s instructions, we ensure that assets are distributed fairly, balancing the legal requirements with the deceased’s wishes.