As soon as your loved one passes, the deceased estate is automatically transferred into a trust until it’s decided how the property and other assets are to be distributed to the beneficiaries.
The outcome will depend on whether there is an estate executor (if there is a will in place) or a Supreme Court appointed administrator.
With a will in place, you need to go to probate court so it’s best to seek the help of a solicitor.
They can call on all of the deceased’s assets and advise the total payout amount including interest.
All of this needs to gathered, signed by the executor of the will and lodged with the probate court.
The Supreme Court can take between anywhere between 2 and even 8 weeks depending on how many cases they’re processing.