Accounting for Deceased Estates
Deceased Estate Accounting & Taxation Services
Our experienced, friendly team can help you in all aspects of accounting for deceased estates. We will guide you step by step through the process to ensure the best outcome for you and your family.
It is not always an easy task to manage the financial affairs of another, particularly if it involves a loved one. The process alone can take months or sometimes years to finalise depending on the situation.
We can help you with the process of how to administer probate and how to minimise the costs of any probate related taxes that might be due.
We acknowledge it is important to create clear instructions for who will be receiving what, how, why and when to avoid much of the problems that accompany disposing of
one’s estate.
There is often confusion on who pays the taxes for a deceased estate, if any, and how to administer them. Our team is here you to solve these issues in timely and professional manner.
Many people don’t realise that estate planning can also involve making plans for what will happen should you become disabled before you die. It also covers appointing a guardian and inheritance manager for any child dependents you might have. It can even make provisions for family members who have special needs that will still allow them to get the government benefits they regularly rely on.
Trusted Accounting for Deceased Estates Made Simple.
We take away the complexity of accounting for deceased estates and ensure your family gets the best results possible.
Why is Accounting for Deceased Estates Necessary?
There are lots of things to consider when dealing with the financial affairs of a loved one. Before assets are transferred to the beneficiaries, there are a range of taxes to be considered including; income tax, capital gains tax and superannuation issues as well as cash in bank accounts, real estate assets, shares and personal possessions.
It is important to note that some types of income such as interest, dividends and rent which may be accrued after the date of death, can also be apart of the decreased estate.
With a wide range of things to consider, it is important to obtain professional advice to ensure you maintain compliant and get the best result for you and your loved ones. If you need assistance with a deceased estate, contact us today and our friendly team today.
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