🇦🇺Australia

Überhöhte oder doppelte Bewertungskosten im Nachlassverfahren

3 verified sources

Definition

Probate and estate valuation guides explain that executors may need independent valuer reports for real property, accountant valuations for private company shares, jeweller/auction appraisals for jewellery and collectables, and specialist input for digital assets, with reasonable valuation costs being reimbursable from the estate.[1][3][8] Property valuers note that timeframes and costs vary by asset type and complexity, with full valuation reports required for probate in many cases.[3] Without a coordinated inventory and clear scoping, lay executors often commission full reports where a restricted assessment or existing arm’s‑length sale price would suffice, or must repeat valuations when initial reports fail to specify the correct date of death or probate purpose, leading to duplicated fees. If each full property valuation costs around AUD 700–1,200 and similar amounts are spent on jewellery, collectables and business valuations, inefficient sequencing or duplication can add AUD 1,000–3,000 per estate in avoidable professional costs, directly reducing the net distributable estate.

Key Findings

  • Financial Impact: Quantified: Typical avoidable overspend of approximately AUD 1,000–3,000 per estate in redundant valuation work (e.g., one extra full property valuation plus repeated jewellery or business valuations); larger or more complex estates may incur AUD 3,000–5,000 of unnecessary fees.
  • Frequency: Frequent in estates with multiple properties or a mix of unusual assets (rural, commercial, collectables) when executors lack guidance on when a full valuation is necessary versus acceptable alternatives.
  • Root Cause: Lack of standardised decision rules on when to order full valuations; poor coordination across valuers; errors in valuation instructions leading to non‑compliant reports that must be redone; executors being risk‑averse and ordering the most expensive option for all assets; absence of centralised workflow tools.

Why This Matters

The Pitch: Trusts & Estates players in Australia 🇦🇺 routinely overspend AUD 1,000–5,000 per estate on redundant or mis-scoped valuation reports. Automation of scoping, provider selection and evidence reuse can trim these costs while still meeting legal standards.

Affected Stakeholders

Executor, Administrator, Estate lawyer, Property valuer, Accountant/business valuer

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Financial Impact

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Übersehene oder zu niedrig bewertete Nachlassvermögenswerte

Quantified: Typically 2–10% of gross estate value at risk through missed or undervalued assets; for a AUD 500,000–1,000,000 estate this equates to approximately AUD 10,000–100,000 of potential revenue leakage for beneficiaries, and personal liability exposure of similar magnitude for executors.

Falsche Marktwertansätze mit nachteiligen CGT-Folgen

Quantified: Under‑valuations of 5–15% on real property or share portfolios are plausible without professional valuation; for a AUD 800,000–1,200,000 property, a 10% understatement (AUD 80,000–120,000) can increase beneficiaries’ CGT by approximately AUD 26,000–56,000 per sale. Across an estate with multiple assets, additional tax leakages of AUD 20,000–100,000 are realistic.

Verzögerte Nachlassauszahlung durch fehlerhafte oder unvollständige Inventare

Quantified: Delays attributable to inventory/valuation defects of 1–3 months are common, implying approximately AUD 1,500–6,000 per estate in combined opportunity cost of funds (0.2–0.4% per month on AUD 500,000–1,000,000) and incremental holding costs on properties; complex or disputed estates may see 6+ month delays with losses exceeding AUD 10,000.

Steuer- und Haftungsrisiken durch fehlerhafte Nachlassbewertungen

Quantified: Typical downside range of AUD 10,000–30,000 per affected estate, comprising tax shortfall penalties and interest of approximately AUD 5,000–15,000 plus legal/advisory costs of AUD 5,000–15,000 in the event of ATO or state revenue review triggered by incorrect valuations.

Trust Accounting Compliance Penalties

AUD 2,330+ fine per late lodgement (unit penalty AUD 2,330 as per Uniform Law); 15+ hours annually for Part B preparation per practice

ATO Trust Tax Return Non-Compliance Fines

AUD 222 base failure-to-lodge penalty per 28 days (up to 5 units); 20-40 hours annually for manual financial statements

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