On 18 November 2024, the Victorian Government introduced significant changes to the Probate Office fees, implementing a tiered structure based on the gross value of an estate. For executors and beneficiaries, these changes present financial and administrative challenges, particularly for larger estates. But with the right legal guidance, you can navigate these complexities and minimise unnecessary stress. 

At Whyte Just & Moore, we specialise in probate and estate planning, offering tailored solutions to help you manage these new fees effectively. Here’s what you need to know—and how we can assist. 

What Are the New Probate Fees? 

The updated fee structure has introduced significant increases, especially for estates valued at over $1 million. Here’s a breakdown of the changes: 

These changes can have a significant impact on estate administration. But with proactive strategies, the burden can be reduced. 

Why You Need Professional Help 

Managing an estate under this new fee structure is more complicated than ever. As executors and beneficiaries face increased costs and administrative challenges, professional legal support becomes essential. Here’s why: 

1. Avoid Costly Mistakes

The probate process involves detailed valuations, documentation, and compliance with legal requirements. Errors or delays could cost you more in the long run. 

At Whyte Just & Moore, we ensure your application is handled correctly the first time, saving you time and money. 

2. Minimise Probate Fees

Through effective estate planning, it’s possible to reduce the gross value of an estate subject to these fees. Strategies include: 

• Restructuring Assets: Shift assets to trusts or joint ownership arrangements to avoid probate fees. 

• Localised Solutions: Our team understands the unique challenges faced by clients in Geelong and nearby areas, tailoring our advice to your needs. 

We’ll work with you to develop a customised strategy that aligns with your goals. 

3. Navigate Complexities with Confidence

Executors are responsible for paying fees upfront, which can create financial strain. Without guidance, this can delay proceedings or discourage individuals from acting as executor. 

We simplify the process, helping you plan for fee payments and manage all aspects of estate administration. 

Expert Estate Planning: Protect Your Wealth 

Proactive estate planning is more important than ever under the new fee regime. Here’s how we can help: 

• Wills and Estate Lawyers in Geelong: Our experienced team specialises in wills, ensuring your assets are distributed as per your wishes while minimising fees. 

• Trust and Asset Structuring: Avoid probate fees by using trusts and joint ownership arrangements. 

• Tax and Financial Planning: We collaborate with financial advisers to ensure your estate plan is as efficient as possible.

The Risks of Delay 

The Law Institute of Victoria has criticised the fee increases as a “death tax by stealth,” warning of risks such as: 

• Delays in Administration: Increased costs may discourage individuals from acting as executor. 

• Elder Abuse Risks: Beneficiaries may pressure elderly individuals to transfer assets prematurely. 

By acting early and working with experienced professionals, you can protect your estate and ensure smooth administration. 

Why Choose Whyte Just & Moore? 

• Trusted Expertise in Geelong: With decades of experience, we are local experts in probate and estate planning. 

• Tailored Advice for You: Every estate is unique, and our personalised approach ensures the best outcome for your situation. 

• End-to-End Support: From drafting wills to handling probate applications, we’re with you every step of the way. 

Get Expert Help on Probate Fees Today 

Don’t let the complexities of Victoria’s new probate fees overwhelm you. At Whyte Just & Moore, we provide clear, practical solutions to help you navigate these changes with ease. Whether you need assistance with estate planning, probate applications, or minimising fees, we’re here to help. 

Contact us today to book a consultation with our expert wills and estate lawyers in Geelong. Let us help you protect your estate and secure peace of mind.