Deceased estate tax services

Financial adviser helping senior woman to complete last will and testament at home

Deceased estate tax services

The passing of a loved one is a challenging time, filled with emotion and significant responsibilities for those left behind. We offer sensitive and comprehensive deceased estate tax services to ease the burden of tax obligations during this difficult period.

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Our team of specialists offer compassionate guidance through tax matters in times of loss.

We provide assistance, ensuring that all tax affairs are managed with care, respect, and compliance with the law.

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Providing compassionate guidance and advice

Our deceased estate tax services include:

  • Preparation and lodgement of final income tax returns – we prepare and lodge the deceased’s final income tax return up to the date of death, ensuring all income, deductions, and credits are accurately reported.
  • Tax file number (TFN) application for the deceased estate – our team facilitates the application process for a TFN for the deceased estate, a crucial step in managing the estate’s tax affairs.
  • Estate tax return preparation and lodgement – we handle the preparation and lodgement of the deceased estate’s tax returns, taking into account the unique aspects of the estate’s tax obligations.
  • Financial statement preparation for the deceased estate – we provide comprehensive financial statement preparation services, offering clarity and transparency for trustees and beneficiaries.
  • Tax advice for deceased estates – our advisors offer specialist tax advice to deceased estates on various matters, including:
    • The tax implications of in-specie asset distributions or the disposal of assets and cash distributions by the trustee to the beneficiaries.
    • Considerations for life interest holders and remaindermen.
    • Guidance for non-resident beneficiaries or resident beneficiaries of non-resident deceased estates.
    • Assessment of a deceased estate’s tax residency status and related implications.
    • detailed advice to beneficiaries on the tax consequences of receiving assets or distributions from the deceased estate.
  • Testamentary trust tax advice – we provide tailored advice for testamentary trusts, which facilitates the honouring of the wishes of the deceased whilst optimising tax outcomes for the beneficiaries.

We understand that managing the tax affairs of a deceased estate can be complex and sometimes overwhelming. Our team are here to support executors and beneficiaries through every step, offering peace of mind that all tax matters are handled with expertise and empathy.

Let us be your trusted partner in navigating the intricacies of deceased estate’s tax requirements and ensure that your loved one’s estate is managed with the utmost care and professionalism.

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Locations

Amy Waterhouse

Associate Director, Tax Consulting

Sydney, NSW

Kalista Pakkiyaretnam

Partner, Business Advisory

Canberra, ACT

Dino Vido

Partner, Business Advisory

Canberra, ACT

Anita Cohen

Partner, Business Advisory

Sydney, NSW

Stephen Davis

Partner, Business Advisory

Sydney, NSW

Sean Urquhart

Partner, Tax Consulting

Sydney, NSW

Ming Kei (Larry) Lam

Partner, Business Advisory

Sydney, NSW

Katie Lin

Partner, Business Advisory

Sydney, NSW

Jane Fenner

Partner, Business Advisory

Sydney, NSW

Ian Stone

Partner, Business Advisory

Sydney, NSW

Adam Boles

Partner, Business Advisory

Sydney, NSW

Karen Gregor

Director, Tax Consulting

Adelaide, SA

Vincent Scali

Partner, Business Advisory

Sydney, NSW

Russell Reid

Partner, Business Advisory

Sydney, NSW

Paul Lenton

Partner, Business Advisory

Sydney, NSW

Paul Mannion

Partner, Business Advisory

Sydney, NSW