Estate Administration Tax
The administration of an estate can be an emotional process for all involved, particularly if complications arise. For the lawyers and executors, this administration (collecting and managing a deceased’s assets) can often suffer lengthy delays depending on the circumstances.
What if there was a way to simplify the taxation component of estate administration – leading to a speedier resolution of the payment of the deceased’s debts and distribution of the estate assets to beneficiaries?
Vincents experienced Estates Team can assist you with all accounting and taxation matters relating to estate administration.
How will we deliver on our promise?
- Simple to use forms covering core tax requirements for an estate
- Providing the answers to tax questions you have as the executor of the estate
- Identifying the executor’s tax responsibilities through our Tax Status Report
- Arranging tax returns for the deceased up to the date of death
- Locating the missing Tax File Number for the deceased and liaising with the ATO
- Applying for the TFN for the estate
- Preparing and lodging tax returns for the estate
- Advising on withholding tax obligations of the estate
- Taking care of tax and accounting requirements of a testamentary trust
- Taking care of tax, accounting and Centrelink requirements of a special disability trust
What will you walk away with?
You’ll walk away with the peace of mind knowing that all the estate tax obligations have been met – which unfortunately for the executor can be missed by an accountant who does not specialise in estate administration.
If you would like to have a discussion with us in relation to tax issues and deceased estates, please don’t hesitate to contact the Vincents Estates Team below: