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How to beat the ‘death tax’ set to increase cost of dying by 650pc

Victorian estates worth more than $5 million are expected to be charged more than $15,000 for probate under a plan for fees to increase by up to 650 per cent for an application that often takes around 30 minutes to process.

Estate specialists describe it as a “stealth death tax” imposed by the debt-stricken Victorian state government attempting to raise additional revenue by increasing fees for administrative services. The state government flagged the increase in June and has invited feedback.

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Duncan Hughes was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/wealth/personal-finance/how-to-beat-the-death-tax-set-to-increase-cost-of-dying-by-650pc-20240702-p5jqki