The first step is to identify the Executor named in the Will. The Executor is responsible for administering the estate and ensuring that the wishes of the Testator are carried out.
The Executor must obtain a Death Certificate and apply for a Grant of Probate from the Supreme Court of Victoria.
The Executor must identify all the deceased's assets, such as property, bank accounts, and investments, and determine their value as at the date of death.
The Executor must pay any outstanding debts, such as funeral expenses, and settle any outstanding tax liabilities of the deceased.
The Executor can distribute the remaining assets to the beneficiaries named in the Will.
Once all assets have been distributed, the executor must finalize the estate by closing any bank accounts, cancelling any credit cards or memberships, and notifying any relevant government agencies and service providers.