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What is a deceased estate?

28 December 2023

When someone dies, their assets and liabilities are called the estate. Their assets are their property and belongings that have value, such as a house, car, shares and investments.

Most of the time, the deceased person has left instructions on what needs to happen with the estate in their will. The people who inherit the deceased person’s estate are called the beneficiaries.

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State Trustees Limited operates on the lands of Traditional Custodians. We acknowledge their history, culture and Elders past, present and emerging. State Trustees is committed to cultivating inclusive environments for staff and clients. We celebrate and value people of all backgrounds, genders, sexualities, cultures and abilities.

Original artwork ‘Four Sisters Coming Together’ by Melissa Bell 2023