Probate fees up by 650% more
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- Bobby
- Posts: 18790
- Joined: Thu Feb 23, 2017 8:09 pm
Probate fees up by 650% more
More robbery on top of the mew land taxes;
https://www.theguardian.com/australia-n ... government
‘Death tax by stealth’: Victorian government hikes probate fees by up to 650%
Fees to process wills to change from fixed rate to tiered system in move opposition says can’t be justified
Probate fees for estates valued between $500,000 and $1m would increase 180%, from $367.40 to $1,028.80, while estates between $1m and $2m would increase 250%, from $685.90 to $2,400.50.
Estates valued between $2m and $3m would have a new $4,801 fee imposed, up from $1,502.40.
Three new tiers for multimillion-dollar estates would also be introduced: $7,185.20 for those valued at $3m to $5m, $12,002.60 for $5m to $7m and $16,803.60 for $7m or more. With probate fees previously capped at $2,318.90, it represents up to a 625% increase in fees.
“This is effectively the imposition of a death tax by stealth,” he said.
“To have massive increases in the amount of money that grieving families have to pay when a loved one dies to get probate can’t be justified.”
He said the probate office would now rake in more in fees than it cost to operate.
The changes come after a review of the probate office by the Department of Justice and Community Safety, which was subject to community consultation but had a low participation rate.
Of the 124 participants surveyed during consultation, 94% were not supportive of an increase to probate fees, with the majority citing concerns about affordability, cost-of-living pressures, limited access to justice and recovery of costs. Victoria’s peak legal body, the Law Institute of Victoria, was among critics.
In its statement of reasons published online on Monday, the department acknowledged there could be “challenges” for executors and beneficiaries, who may have limited personal wealth – despite an estate’s significant assets – to pay the new fees.
It suggested they could take out a loan, use a credit card
or find a law firm that may cover costs and recover them from the estate later.
On concerns about the possibility of elder abuse, the department said it was “illogical in most instances to pressure someone to transfer their assets before they passed to avoid proposed probate fees” but was acknowledged “still a risk”.
https://www.theguardian.com/australia-n ... government
‘Death tax by stealth’: Victorian government hikes probate fees by up to 650%
Fees to process wills to change from fixed rate to tiered system in move opposition says can’t be justified
Probate fees for estates valued between $500,000 and $1m would increase 180%, from $367.40 to $1,028.80, while estates between $1m and $2m would increase 250%, from $685.90 to $2,400.50.
Estates valued between $2m and $3m would have a new $4,801 fee imposed, up from $1,502.40.
Three new tiers for multimillion-dollar estates would also be introduced: $7,185.20 for those valued at $3m to $5m, $12,002.60 for $5m to $7m and $16,803.60 for $7m or more. With probate fees previously capped at $2,318.90, it represents up to a 625% increase in fees.
“This is effectively the imposition of a death tax by stealth,” he said.
“To have massive increases in the amount of money that grieving families have to pay when a loved one dies to get probate can’t be justified.”
He said the probate office would now rake in more in fees than it cost to operate.
The changes come after a review of the probate office by the Department of Justice and Community Safety, which was subject to community consultation but had a low participation rate.
Of the 124 participants surveyed during consultation, 94% were not supportive of an increase to probate fees, with the majority citing concerns about affordability, cost-of-living pressures, limited access to justice and recovery of costs. Victoria’s peak legal body, the Law Institute of Victoria, was among critics.
In its statement of reasons published online on Monday, the department acknowledged there could be “challenges” for executors and beneficiaries, who may have limited personal wealth – despite an estate’s significant assets – to pay the new fees.
It suggested they could take out a loan, use a credit card
or find a law firm that may cover costs and recover them from the estate later.
On concerns about the possibility of elder abuse, the department said it was “illogical in most instances to pressure someone to transfer their assets before they passed to avoid proposed probate fees” but was acknowledged “still a risk”.
- Bobby
- Posts: 18790
- Joined: Thu Feb 23, 2017 8:09 pm
Re: Probate fees up by 650% more
They tax you when you're alive and get some more when you're dead
from your loved ones.
That's what you get when you vote for Labor.
I want all the Labor voters here to post
on this thread and apologise for what they have done.
from your loved ones.
That's what you get when you vote for Labor.
I want all the Labor voters here to post
on this thread and apologise for what they have done.
- Jasin
- Posts: 1836
- Joined: Sun Dec 03, 2017 4:18 pm
Re: Probate fees up by 650% more
Here I was thinking that one time only stamp duty was a good thing.
There's always a catch.
There's always a catch.
- Bobby
- Posts: 18790
- Joined: Thu Feb 23, 2017 8:09 pm
- Jasin
- Posts: 1836
- Joined: Sun Dec 03, 2017 4:18 pm
Re: Probate fees up by 650% more
No stamp? Lol. That really is low.
- Bobby
- Posts: 18790
- Joined: Thu Feb 23, 2017 8:09 pm
Re: Probate fees up by 650% more
Land tax too:
Victoria’s spiralling land tax will see the 'Labor government go down’
Victoria’s spiralling land tax will see the 'Labor government go down’
- Sophia
- Posts: 111
- Joined: Tue Mar 19, 2024 10:38 pm
Re: Probate fees up by 650% more
Victoria…. Is bankrupt!
That GST was supposed to replace a lot of other taxes etc but all it did was make life 10% more expensive to live!
We have some bad road conditions with pot holes and car going “ker plonk” over them… I worry about my tyers!
There’s a sign at top of our road at T section lights… a professional sign too…”Fix up our roads Albo!”
Say no more![smack head :smack](./images/smilies/smackhead.gif)
That GST was supposed to replace a lot of other taxes etc but all it did was make life 10% more expensive to live!
We have some bad road conditions with pot holes and car going “ker plonk” over them… I worry about my tyers!
There’s a sign at top of our road at T section lights… a professional sign too…”Fix up our roads Albo!”
Say no more
![smack head :smack](./images/smilies/smackhead.gif)
- Bobby
- Posts: 18790
- Joined: Thu Feb 23, 2017 8:09 pm
Re: Probate fees up by 650% more
Sophia wrote: ↑Mon Nov 25, 2024 5:38 pmVictoria…. Is bankrupt!
That GST was supposed to replace a lot of other taxes etc but all it did was make life 10% more expensive to live!
We have some bad road conditions with pot holes and car going “ker plonk” over them… I worry about my tyers!
There’s a sign at top of our road at T section lights… a professional sign too…”Fix up our roads Albo!”
Say no more![]()
People kept voting for Labor even after what dirty Dan did -
they are retarded.
IQs are very low in Victoria.
- Sophia
- Posts: 111
- Joined: Tue Mar 19, 2024 10:38 pm
Re: Probate fees up by 650% more
I can’t work it out either!Bobby wrote: ↑Mon Nov 25, 2024 6:19 pmSophia wrote: ↑Mon Nov 25, 2024 5:38 pmVictoria…. Is bankrupt!
That GST was supposed to replace a lot of other taxes etc but all it did was make life 10% more expensive to live!
We have some bad road conditions with pot holes and car going “ker plonk” over them… I worry about my tyers!
There’s a sign at top of our road at T section lights… a professional sign too…”Fix up our roads Albo!”
Say no more![]()
People kept voting for Labor even after what dirty Dan did -
they are retarded.
IQs are very low in Victoria.
I keep saying to my kids… let’s all move up to Qld!
I reckon eventually they will agree… look… I know it’s hard to uproot from areas we know and people we know and work we know….
I just wish in 1949 my parents immigrated to Qld or NSW instead of me being born in Victoria! I recall when I was 13 and dad took us up to Gold Coast and I fell in love with the sunnier vibes!
Back in 1969 the GC was more holiday and beachy than it is today.
I miss that.
We are looking at downsizing and selling in next 2 years where we are (been here 32 years) and once it’s sold I’m certain we may be tempted to place the money into an abode in Tamborine Mountain area.
- Bobby
- Posts: 18790
- Joined: Thu Feb 23, 2017 8:09 pm
Re: Probate fees up by 650% more
But QLD is too hot and humid in summer for me.Sophia wrote: ↑Mon Nov 25, 2024 6:28 pmI can’t work it out either!Bobby wrote: ↑Mon Nov 25, 2024 6:19 pmSophia wrote: ↑Mon Nov 25, 2024 5:38 pmVictoria…. Is bankrupt!
That GST was supposed to replace a lot of other taxes etc but all it did was make life 10% more expensive to live!
We have some bad road conditions with pot holes and car going “ker plonk” over them… I worry about my tyers!
There’s a sign at top of our road at T section lights… a professional sign too…”Fix up our roads Albo!”
Say no more![]()
People kept voting for Labor even after what dirty Dan did -
they are retarded.
IQs are very low in Victoria.
I keep saying to my kids… let’s all move up to Qld!
I reckon eventually they will agree… look… I know it’s hard to uproot from areas we know and people we know and work we know….
I just wish in 1949 my parents immigrated to Qld or NSW instead of me being born in Victoria! I recall when I was 13 and dad took us up to Gold Coast and I fell in love with the sunnier vibes!
Back in 1969 the GC was more holiday and beachy than it is today.
I miss that.
We are looking at downsizing and selling in next 2 years where we are (been here 32 years) and once it’s sold I’m certain we may be tempted to place the money into an abode in Tamborine Mountain area.
![Embarrassed :oops:](./images/smilies/icon_redface.gif)
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