The documents required to administer a deceased estate can vary depending on the asset value.
Typically if combined assets are greater than $25,000, we would seek to request the following:
- A certified copy of the Death Certificate
- A recently certified copy of Probate OR:
- A recently certified copy of Letters of Administration (only required in the absence of a valid will)
- Recently certified photo identification for each executor (if more than one)
- Executed Off Market Transfer forms (if shares are to be transferred to beneficiaries)
- A signed letter of instruction if shares are to be sold
If combined assets are less than $25,000, then the requirements differ slightly:
- A certified copy of the death certificate
- A certified copy of the Will
- Recently certified photo identification of the executor or appointed administrator
- Small Estate Indemnity form
- Executed Off Market Transfer forms (if shares are to be transferred to beneficiaries)
- A signed letter of instruction if shares are to be sold
Sometimes, we also need the executor/s to acknowledge our latest terms and conditions if this was not done by the deceased. In 2023, Selfwealth changed their Australian equities execution, clearing and settlement provider to FNZ Custodians (Australia) Pty Ltd (FNZ Securities) (PID 3772) from OpenMarkets Australia Limited (PID 1137) (OpenMarkets). Accordingly, there are new Terms & Conditions that need to be acknowledged and this would be advised via email if relevant.
For ease of access, we've attached the forms to the bottom of this article. We'll also outline these requirements to you via email after you get in touch with us.