Gerard Baden-Clay has been formally removed from his wife’s will. Picture: AAP

The former Brisbane real estate agent, who is serving a life sentence for her murder, was the sole beneficiary of two life insurance policies and the successful businesswoman’s superannuation in her will.

But after an application by Allison’s parents on Thursday, Brisbane Supreme Court Justice Peter Applegarth declared her father, Geoff Dickie, the sole administrator.

He and Allison’s mother Priscilla care for the Baden-Clays three young daughters.

The convicted killer did not oppose the application.

A Federal Court freeze was placed on Allison’s estate, while her husband spent more than two years exhausting his legal avenues to have his 2014 murder conviction quashed.

It meant the slain Brisbane woman’s parents were unable to access the funds on behalf of the couple’s three daughters until the court process concluded.

Allison Baden-Clay’s body was found under a bridge 14km from her home in April 2012. The discovery came 11 days after her husband reported her missing.

At the time of her death, she had one life insurance policy with Suncorp valued at $350,000 and a second, with insurer TAL Life Limited, valued at $412,267.

The TAL Life Limited agreement was a joint policy with her husband.

Baden-Clay, who, his Supreme Court trial heard, had been suffering financial difficulties at the time of his wife’s death, made an attempt to claim her life insurance in the six weeks between her body being found and him being charged with her murder.

The Supreme Court jury convicted him of Allison’s murder in 2012, but the following year, it was sensationally downgraded to manslaughter on appeal.

A High Court appeal followed and the murder conviction was reinstated last year.

Baden-Clay is serving life imprisonment with a non-parole period of 15 years.

He will be eligible for release in 2027.

Allison’s father Geoff Dickie asked the court for full control so he could “finalise affairs of the estate”.