- Dec 29, 2000
- 25,081
- 23,322
- AFL Club
- Adelaide
Momey grabbing leeches this Viktoriastan ALP mob. Running the state into the ground, virtually bankrupted through their total and disgraceful handling of the taxpayers money now this low low act of desperation. Just when you thought they couldn't possibly go lower here we are!
Grieving families hit with ‘massive’ financial burden under stealth death tax: Law Institute of Victoria
Grieving families would cop a “massive” financial hit if the Allan government pushes ahead with plans to introduce a “death tax by stealth”.
Victoria’s peak legal body has warned against plans by the state government to introduce a “death tax by stealth” saying it would add a massive financial burden to grieving families.
Law Institute of Victoria chief Adam Awty on Friday said plans to hike the cost of enacting wills, first revealed by the Herald Sun, could limit access to justice and deter executers from completing probate.
“The death of a loved one is probably the hardest time in anyone’s life,” Mr Awty said.
“These increased fees would add extra stress and financial hardship on families who are already suffering.
“They can’t access the bank account of their deceased loved one so they need to find the money for filing fees somewhere else.”
The government has fast-tracked a review of the Supreme Court’s probate fees by three years with increases of up to 650 per cent being considered.
Under a favoured model being considered by the government, some fees would move from a fixed rate to a tiered system for the first time.
It would bring in an additional $33.6m in revenue for the Supreme Court, 1086 per cent more than it costs to operate the probate office.
The rest of the funds would be used to cover other court costs.
It comes after the government cut $19.1m in funding from Court Services Victoria over the next year in last month’s state budget.
“These proposed changes place an extra burden on Victorians who are acting as executers,” Mr Awty said.
“They could discourage people from agreeing to become executers which could slow down administration of estates and tie up assets for longer.
“These fees are too high. For estates worth more than $2.5 million, they are almost double the fees in NSW. We will work with government and advise of the impact of the proposed changes.”
Premier Jacinta Allan has labelled criticism at the proposed fee hike as “scaremongering”.
But Shadow Attorney General, Michael O’Brien, said the proposal was reminiscent of death duties which were abolished in Victoria in the 1980s.
What is wrong with a tiered system? The more wealth you have, the more probate fees you pay.
What is the average cost by the way?
And it isn’t a death tax either. Talk about over dramatise things.
God, you have a whinge about everything.