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There are no inheritance or estate taxes in Australia.
The person responsible for administering a deceased estate is most commonly referred to as an executor, but could also be an administrator or a legal personal representative (LPR).
When we say ‘executor’, we refer to executor, administrator and legal personal representative.
When a person dies, there are some important tax and superannuation issues for the executor and the beneficiaries.
Speak to Brighton Accountants & Advisors today for more information.
Useful Resources:
Deceased estates | Australian Taxation Office