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Probate in SA is expensive. For estates between $500K and $2M no Court in Australia has higher fees.
Applying for Probate in Victoria is not as costly as it is in other States and Territories in Australia.
The cost of Probate in NSW can be significant, especially where the estate value is over $2M or you engage a solicitor who charges on the Supreme Court Scale of Fees.
Choosing how to apply for Probate is an important decision for executors and will determine how long Probate takes.
There is no inheritance tax in Australia. Federal and State governments do not tax the value of a deceased estate and beneficiaries of a Will are not required to pay a tax on their entitlement.
When someone passes away, they often leave behind property, assets and sometimes debt. This is known as their ‘estate’ and it needs to be managed and finalised.
Whilst most executors will need to apply for a Grant of Probate before dealing with the estate of a loved one who has passed away, Probate is not a compulsory legal process.
The executors apply for Probate of the Will by submitting an application to the Supreme Court in the State or Territory where the majority of the deceased person’s assets are held.
In Australia, the term ‘Next of Kin’ means a person’s spouse, domestic partner or closest living blood relative who is over 18 years of age.
It’s a stressful time dealing with the passing of a loved one, and the process of applying for Probate in New South Wales is often another time-consuming item on your to-do list.
At Probate Consultants we understand that applying for Probate and Letters of Administration can be confusing and daunting.
When you’re navigating the process of obtaining a Grant of Probate or Letters of Administration, having the latest information from a reliable source is key.
When applying for Probate, the original Will is required. Often, people think that they are in possession of the original Will, but only have a copy.
Typically, when someone dies in Victoria, the Executor of their Will must obtain a Grant of Probate from the Supreme Court to deal with their estate.
When someone dies, they often leave behind property, assets and – occasionally – debt. This is known as their ‘estate’.
Dealing with the passing of a loved one can be difficult – and applying for Probate in Victoria can be yet another stressful task to deal with.
Probate is not always required in NSW and is not mandatory anywhere in Australia. Executors are appointed by the Will and this document confers the authority to deal with the deceased person’s assets.
Dealing with the loss of a loved one is hard enough, and sorting out their estate adds another layer of challenge.
After someone close dies, dealing with their estate can be challenging for those left behind. In New South Wales (NSW), managing and distributing a deceased’s assets is governed by various legal procedures, with Probate playing a crucial role.
