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Victoria - probate fees up to 650% more (Read 440 times)
Bobby.
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Victoria - probate fees up to 650% more
Nov 4th, 2024 at 5:31pm
 
More robbery on top of the mew land taxes;

https://www.theguardian.com/australia-news/2024/nov/04/victoria-probate-fee-incr...


‘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”.
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Bobby.
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Re: Victoria - probate fees up to 650% more
Reply #1 - Nov 4th, 2024 at 5:37pm
 
They tax you when you're alive and get some more when you're dead

from your loved ones.
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Bobby.
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Re: Victoria - probate fees up to 650% more
Reply #2 - Nov 4th, 2024 at 5:48pm
 

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.

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Grappler Racist Filth
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Re: Victoria - probate fees up to 650% more
Reply #3 - Nov 4th, 2024 at 6:26pm
 
Well, they need to find money to pay for the treaties, reparations, rent and all that bulldust.... has to be the worst state in Australia at this time.

That's what you get when you elect a government that has no idea and doesn't give one hoot about its people, but imagines itself riding on white steeds to glorious upraising of the oppressed, and is controlled by a pack of rabid sheilas .... Sir Galah-heads hoping you will all just fall on their swords and sing their praises while you do it...
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« Last Edit: Nov 4th, 2024 at 6:31pm by Grappler Racist Filth »  

“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Bobby.
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Re: Victoria - probate fees up to 650% more
Reply #4 - Nov 4th, 2024 at 7:29pm
 
Grappler Racist Filth wrote on Nov 4th, 2024 at 6:26pm:
Well, they need to find money to pay for the treaties, reparations, rent and all that bulldust.... has to be the worst state in Australia at this time.

That's what you get when you elect a government that has no idea and doesn't give one hoot about its people, but imagines itself riding on white steeds to glorious upraising of the oppressed, and is controlled by a pack of rabid sheilas .... Sir Galah-heads hoping you will all just fall on their swords and sing their praises while you do it...



Labor Dan put us into $240 billion of debt for massive infrastructure builds.
Labor is paying the interest with new, dreamed up taxes.

Even those not born yet will still be paying for it.
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Grappler Racist Filth
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Re: Victoria - probate fees up to 650% more
Reply #5 - Nov 4th, 2024 at 10:39pm
 
Even getting it right, the media - Death Tax By Stealth.  They've been reading here again - kind of a tutorial for aspiring young journos...  thing is - any home owner would be over the limit.... into the pay zone.

https://www.msn.com/en-au/news/australia/death-tax-by-stealth-victorian-governme...

Bereaved Victorian families will be hit with massive increases to probate fees, with the state government announcing hikes of up to 650% to process wills.

The acting attorney general, Enver Erdogan, on Monday announced that the supreme court’s probate fees would move from a fixed rate to a tiered system, in what has been described as a “death tax by stealth” by the opposition.

Under the changes, which would come into effect on 18 November, families of deceased estates with a value of between $250,000 and $500,000 would have to pay $514.40, up from $68.60 – a 650% increase.

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.

The government said large estates of more than $3m make up less than 6% of all applications but take up most of the court’s time, due to disputes over will validity, unclear property rights or perceived inequities among beneficiaries.

Erdogan said current fees were inadequate to cover the costs of these types of lengthy disputes.

“It’s why we’re making the system fairer by abolishing probate fees for small estates and keeping medium sized estate fees cheaper than New South Wales and South Australia’s fees,” he said.

“For the very small percentage of Victorians dealing with multimillion dollar estates, the fees will be lifted to cover the level of administration and dispute resolution these complex applications often require in court.

“These changes will ensure that the most an estate will pay in probate fees is 0.24% of an estate’s value – keeping it fair for everyone who is navigating our courts.”

Under the changes, deceased estates of less than $250,000 will no longer be required to pay fees. The government said 20% of people who applied for probate fell into this category."
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Armchair_Politician
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Re: Victoria - probate fees up to 650% more
Reply #6 - Nov 5th, 2024 at 6:12am
 
Bobby. wrote on Nov 4th, 2024 at 5:48pm:
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.



Agreed. I voted against Labor at the last election. Everyone was whinging about lockdowns, etc but still voted back in the ALP. Sorry but now the rest of us Victorians have to reap what you sow until you (Labor voting) idiots come to your senses and vote Labor out.
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« Last Edit: Nov 5th, 2024 at 6:29am by Armchair_Politician »  
 
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Bobby.
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Re: Victoria - probate fees up to 650% more
Reply #7 - Nov 5th, 2024 at 6:15am
 
Armchair_Politician wrote on Nov 5th, 2024 at 6:12am:
Bobby. wrote on Nov 4th, 2024 at 5:48pm:
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.



Agreed. I voted against Labor at the last election. Everyone was whinging about lockdowns, etc but still voted back in the ALP. Sorry but now the rest of us Victorians have to reap what you sow until you idiots come to your senses and vote Labor out.



No apologies yet.   Angry
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Captain Nemo
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Re: Victoria - probate fees up to 650% more
Reply #8 - Nov 5th, 2024 at 10:02am
 
Nothing surer than death and taxes.

I can't wait to vote these bums out.  Angry
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Fire the LIAR in 2028!
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Bobby.
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Re: Victoria - probate fees up to 650% more
Reply #9 - Nov 5th, 2024 at 1:34pm
 
Captain Nemo wrote on Nov 5th, 2024 at 10:02am:
Nothing surer than death and taxes.

I can't wait to vote these bums out.  Angry



Death taxes are not fair.

it's forcing your loved ones to pay tax on something that was created with savings
after tax was already paid to earn those savings.
It's a double tax -  it's a tax on a tax.
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Bobby.
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Re: Victoria - probate fees up to 650% more
Reply #10 - Nov 10th, 2024 at 8:36pm
 

Land tax too:


Victoria’s spiralling land tax will see the 'Labor government go down’




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Grappler Racist Filth
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Re: Victoria - probate fees up to 650% more
Reply #11 - Nov 12th, 2024 at 8:00pm
 


DET <> 160 <> BN


Victoria - The ReProbate State
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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Bobby.
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Re: Victoria - probate fees up to 650% more
Reply #12 - Nov 12th, 2024 at 8:05pm
 
Captain Nemo wrote on Nov 5th, 2024 at 10:02am:
Nothing surer than death and taxes.

I can't wait to vote these bums out.  Angry



My feeling is that the Libbos will keep those taxes
as Labor left us in $240 billion of debt and we can't pay even the interest.
Dan Andrews made a real mess of this place.
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