Expert Financial Advice for Your Inheritance Melbourne
✓ Trusted Inheritance Financial Advisers in Melbourne
✓ Maximise Your Inheritance and Build Long-Term Wealth
✓ Transparent, Commission-Free Guidance
Why Choose Progressive Financial Solutions?
At Progressive Financial Solutions, we understand that receiving an inheritance is both a significant financial event and a deeply personal one. Our inheritance financial advisers in Melbourne provide expert, independent advice to help you make smarter decisions, avoid common mistakes, and build long-term wealth that lasts. Whether you have inherited cash, property, shares, or a combination of assets, our team is here to guide you every step of the way.
We take the time to understand your full financial picture, existing assets, and goals, so we can help you maximise your inheritance in a way that genuinely makes a difference to your life.
What To Do When You Receive an Inheritance
Receiving an inheritance, whether large or small, can feel overwhelming, especially during a difficult time. Here’s a short guide to help you work through it with clarity.
1. Pause and Assess
There is no need to rush. Take time to process the situation before making any financial decisions, especially during an emotional period.
2. Take Stock of All Assets
Understand exactly what you have inherited, whether cash, property, shares, or superannuation, before any planning can begin.
3. Understand the Tax Implications
Australia has no formal inheritance tax, but taxes may apply when receiving superannuation death benefits. Capital gains tax can arise when inherited assets are sold, and superannuation benefits may be taxed if paid to a non-tax dependant.
4. Check the Legal Standing
Confirm the status of the estate, including probate, outstanding debts, and the distribution timeline, before taking any next steps.
5. Seek Professional Advice
An inheritance can have lasting financial and tax implications. Before making significant decisions, it’s important to understand how the assets fit within your broader financial position.
Professional advice helps ensure your inheritance is managed correctly and aligned with what matters most to you.
Our Process
Managing an inheritance involves more complexity than most people anticipate. Our five-step process ensures your advice is personalised, carefully implemented, and supported with ongoing guidance as your circumstances evolve.
At Progressive Financial Solutions, our inheritance financial advisers provide the clarity, reassurance, and practical guidance you need to make the most of what you have received.
1. Consultation
An obligation-free conversation to understand your inheritance, your current financial position, and what you want to achieve.
2. Financial Review
Your full financial picture is assessed, including assets, liabilities, tax position, and superannuation, to identify the best path forward.
3. Strategy Development and Recommendations
We develop a personalised financial advice strategy for your inheritance, covering investment, tax planning, asset structuring, and long-term wealth goals.
4. Implementation
Your strategy is put into action with clear guidance at every step, including coordination with your accountant and legal advisers where needed.
5. Ongoing Monitoring and Reviews
Regular reviews to ensure your strategy continues to reflect your goals and circumstances as your life evolves.
What We Can Do For You
- Help you maximise your inheritance
- Support smarter financial decision-making
- Build a strategy for long-term wealth
- Minimise tax on inherited assets
- Avoid common inheritance mistakes
Our Inheritance Financial Advice Services
Our Melbourne-based financial advisers help you navigate every aspect, from tax to investment to long-term planning.
Holistic Wealth Management
Bringing your inheritance, existing assets, superannuation, and goals together into one coordinated, personalised strategy.
Investment Strategy
Building a tailored investment plan to grow your inherited assets thoughtfully, with a focus on diversification, risk management, and long-term returns.
Strategic Financial Planning
Incorporating your inheritance into a comprehensive financial plan aligned to your broader life goals, including retirement, property, and family planning.
Estate Planning
Ensuring your own estate is structured correctly so your wealth, including what you have inherited, is protected and passed on according to your wishes.
Tax Planning
Identifying and managing the tax implications of your inheritance, including capital gains tax on property or shares and income generated from inherited investments.
Asset Structuring and Protection
Advising on the right structures, including trusts and SMSFs, to hold and protect your inherited assets both now and into the future.
Hear What Our Clients In Melbourne Have To Say
Meet our team
Our experienced financial advisors in Melbourne work with you to create a thoughtful, structured estate plan. From managing assets to planning for future generations, we help ensure your wishes are clear and your legacy is protected.
Joe Formica
Principal Adviser
Joe Formica
Principal Adviser
Paul Formica
Financial Adviser
Paul Formica
Financial Adviser
Cherrinee Lee
Practice Manager
Cherrinee Lee
Practice Manager
Jessica Pritchard
Associate Adviser
Jessica Pritchard
Associate Adviser
Mary Efsthatiou
Administration Assistant
Mary Efsthatiou
Administration Assistant
Explore Our Inheritance Insights
Frequently Asked Questions
What should I do first when I receive an inheritance?
The most important thing you can do is pause before making any major financial decisions. Take time to understand what you have inherited, get clarity on any tax implications, confirm the legal status of the estate, and seek professional financial advice for your inheritance before acting.
To find out how we can help, book an obligation-free consultation with one of our advisers.
Do I have to pay tax on an inheritance in Australia?
Australia has no formal inheritance tax, but taxes may apply when receiving superannuation death benefits. CGT can apply when you sell inherited property or shares, income from inherited assets is assessable, and superannuation may be taxed depending on your relationship to the deceased.
We strongly recommend seeking professional advice before selling or restructuring any inherited assets.
Can you help me invest my inheritance?
Absolutely. We provide independent investment advice tailored to your specific goals, risk tolerance, and time horizon. Whether you are looking to grow your inheritance over the long term, generate income, or simply preserve what you have received, we can help you build a diversified, tax-effective strategy suited to your circumstances.
Should I put my inheritance into superannuation?
Depending on your age, super balance, and contribution caps, adding part of your inheritance to superannuation can be a highly tax-effective strategy for building long-term retirement wealth. There are rules around contribution limits that need to be considered carefully. Our inheritance financial advisers can assess your situation and help determine whether a super contribution, an SMSF, or another structure is the right fit.
What should I do with my inheritance once all of its debts, taxes, and expenses are covered?
This will depend on your individual circumstances and how the inheritance was received. Before making large purchases, consider paying down debt, building an emergency fund, reviewing your super and retirement plans, and ensuring you have a sustainable investment strategy in place. Progressive Financial Solutions can help guide your next steps.
Ready to put a plan in place?
An inheritance is more than a financial boost, it’s an opportunity to strengthen your future. With the right strategy, you can reduce risk, grow your wealth and plan with intention. Book a free, no-obligation consultation with Progressive Financial Solutions for advice that’s built around you.
Contact Us
Call: 03 9600 9052
Email: enquiries@progressivefs.com.au
Office: Suite 28 / 2 Enterprise Drive, Bundoora, Melbourne VIC 3083
Opening Hours
Mon–Fri: 9:00 AM – 5:00 PM
Sat–Sun: Closed