‘Death Tax’: Inheritance Fees for Victorians Soar 650 Percent
The opposition has described this move as ‘death taxes by stealth’ while noting concerns with elder abuse.
Headstones can be seen on graves at the Korumburra General Cemetery in Korumburra, Victoria of Australia, on Nov. 3, 2023. Mell Chun/AFP via Getty Images
Victorian Labor will slug families of deceased relatives with major fee hikes to process wills for estates worth more than $250,000.
The new fees, listed by the Supreme Court of Victoria, are flagged to apply from Nov. 18, 2024, impacting families dealing with multi-million dollar estates.
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
