The financial threshold for dealing with estate assets without applying to the court is increasing from $15,000 to $40,000. This change aims to reduce unnecessary delays, costs, and stress during what is already a difficult time for grieving families.
Currently, if you pass away with more than $15,000 worth of assets, your representatives must make an application to the High Court in order to administer those assets. From 24 September 2025, if your assets are under $40,000, your representatives can administer your estate without going through the formal court process.
The asset threshold of $15,000 resulted in costs and delays often disproportionate to the value of the estate and thereby reduced the assets available for distribution to the family. Increasing the threshold to $40,000 will enable families to deal with smaller estates with less barriers and complications.
This is a positive change in reducing the difficulties associated with administering estates. However, it is still important that your estate planning is up to date and clearly records your wishes. If you have any questions about the estate administration process, or would like to update your estate planning documents, please get in touch with the team.
