Expert support through a difficult process.
Administering a deceased estate involves a range of tax obligations that are easy to get wrong without specialist knowledge. We prepare estate tax returns and date of death valuations, advise on CGT implications for estate assets, prepare beneficiary returns and obtain ATO clearance certificates.
Tell us a little about the estate and one of our team will be in touch to talk through what’s involved: a clear, honest explanation of the process and the obligations.
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Complexity handled properly, so nothing is missed.
Executors carry real legal and financial responsibility, often while managing grief and family expectations at the same time. We take the tax and accounting complexity off their plate: estate tax returns, date of death valuations, and CGT implications on estate assets.
Where the estate includes an SMSF, we manage the wind-up process as well. We work directly with the executor throughout, explaining each obligation clearly rather than leaving them to interpret ATO correspondence alone.
Prepared and lodged for the estate, alongside any outstanding returns for the deceased.
Established for assets where this is required for tax purposes.
Capital gains implications reviewed and managed as assets are transferred or sold.
Prepared where distributions create a tax obligation for beneficiaries.
Obtained and managed as needed to finalise the estate cleanly.
Why Wiseman
Deliberately focused on you
Rather than serving every kind of business, we’ve built our practice around growth-minded, family-owned businesses. Here’s what that means in practice.
Built for family business
We focus on established, family-owned businesses turning over $1M or more, with real depth in construction, professional services and real estate.
A dedicated client manager
Your advice comes from an experienced client manager who knows your business.
Independent & conflict-free
We don’t sell financial products, lending or property. Nothing we recommend is shaped by what we have to sell.
Proactive all year
Regular advisory meetings and Xero-based KPI monitoring, so we help you plan ahead rather than only reporting on the year that’s already gone.
Value, not price
We compete on the quality of advice and the results it drives, a long-term partnership, not the cheapest return in town.
Genuinely local
An Ipswich firm that understands South East Queensland business, growing alongside the owners we work with.
What does deceased estate administration with Wiseman Accountants actually cover?
Estate tax returns, date of death valuations, CGT implications on estate assets, beneficiary returns where a distribution creates a tax obligation, and ATO clearance certificates. If the estate includes a self-managed super fund, the wind up is managed as well.
Do you handle the legal side of the estate, like probate?
No. The team looks after the tax and accounting side, estate tax returns, valuations and ATO obligations, working alongside the executor and any solicitor involved. Legal matters, including probate, sit with your solicitor.
Where does the process actually start for a family going through this for the first time?
It starts with just a little information about the estate. From there, one of the team will talk you through what is involved and what the obligations actually are, at a pace that suits what the family is dealing with.
I have never handled an estate before. Will everything be explained clearly?
Yes. Executors carry real responsibility, often while managing grief and family expectations at the same time, so each obligation is explained plainly rather than leaving you to interpret ATO correspondence alone.
Do beneficiaries need their own tax return because of the estate?
Sometimes. A beneficiary return is prepared where a distribution from the estate creates a tax obligation for that person, which is assessed as part of the estate work rather than left for beneficiaries to work out themselves.
What happens if the deceased had a self-managed super fund?
The wind up process is managed as part of the estate administration. See self-managed superannuation funds for how the fund side of things ordinarily works.
