Share via Collect all assets, including redeeming non-transferable assets (e.g. bank accounts) and preparing applicable transfers for the distribution stage. Advertise for creditors and determine all of the deceased’s liabilities. Obtain income tax clearance to the date of death. Raise or defend any legal action by or against the estate if required. Pay liabilities. Commence distributing the estate, including paying legacies and handing over specific bequests Wait out the family provision challenge period – this is a statutory period of time in which claims can be made for provision from the estate or greater provision than that specified in the Will. (This varies between States/Territories up to a maximum of 12 months from the date of death.) Prepare final estate income tax returns and pay any outstanding tax.