Often in the administration of a deceased estate, an asset holder such as a bank, a share registry or an aged care facility (who holds a nursing home bond or the like) will require a grant of representation prior to releasing the asset/paying the monies into the estate.
In such circumstances, if the deceased left a valid Will then it will be necessary to make application for a Grant of Probate. If the deceased died intestate (without a Will) then it will be necessary to make application for a Grant of Letters of Administration.
The process of obtaining a grant of representation includes advertising, making notification to the Public Trustee and filing an application in the Supreme Court. Once the grant of representation has been made then the Executor (in the case of a Grant of Probate) or the Administrator (in the case of a Grant of Letters of Administration) will then have the authority to deal with the asset/s.