The 2026-27 Federal Budget could reshape how testamentary trusts are taxed, with a proposed 30% minimum rate set to end decades of flexible income splitting for families. Here’s what the changes could mean for your Will and estate plan.
Wondering how much a will costs in New South Wales? The honest answer: it depends on how complex your situation is. A straightforward will is charged as a fixed fee, while a will with a testamentary trust or more complex family, business or superannuation needs costs more. At Southern Waters Legal, we quote your fixed fee upfront at your initial consultation — before any work begins.
A will is not a one-size-fits-all document. The price reflects how complex your situation is and how much protection you want to build in. The main factors are:
DIY will kits and $50 online templates are tempting, but a will that is unclear, incorrectly signed, or that doesn’t account for your circumstances can be challenged or even ruled invalid. The cost of fixing a poorly made will — or of a family dispute after you’re gone — dwarfs the cost of getting it right the first time. A properly prepared will is one of the best-value legal documents you will ever buy.
At Southern Waters Legal we believe in transparency. We offer fixed-fee will preparation, so you know exactly what you’ll pay before any work begins. At your initial consultation we take the time to understand your situation, explain the right approach for you, and give you a clear fee for the work. There are no surprises — you decide with the full picture in front of you.
Because every estate is different, a straightforward will is priced differently from a full estate plan with a testamentary trust. But in every case, you get certainty on the fee up front, and your will is prepared by experienced solicitors — including an Accredited Specialist in Wills and Estates, the highest formal recognition for this area of law in NSW by The Law Society of New South Wales.
A professionally prepared will does far more than divide your assets. It can protect your beneficiaries, reduce the risk of a challenge, nominate guardians for your children, and give your family certainty at a difficult time. That peace of mind — knowing your wishes will actually be carried out — is what the fee delivers.
Speak with our Estate Planning team
Our lawyers, including an Accredited Specialist in Wills & Estates, help families across Cronulla, Menai, the Sutherland Shire and Sydney. We’ll explain your options clearly and quote a fixed fee before any work begins.
Book a consultation: call (02) 9523 5535 or enquire online.
This article is general information only and is not legal advice. Laws change and every situation is different — please seek advice specific to your circumstances.
Southern Waters Legal has two lawyers who hold Accredited Specialist status in Wills and Estates, the highest formal recognition for solicitors in this area of law in New South Wales, and a distinction held by very few solicitors across the state.
Adeline Schiralli (Special Counsel) and Janette Kveytel hold Accredited Specialist credentials in Wills & Estates awarded by The Law Society of NSW. This means your estate plan is reviewed and prepared by solicitors who have demonstrated an advanced standard of knowledge, skill, and experience, not just in standard Wills, but in complex structures involving trusts, superannuation, business interests, and elder law.
The 2026-27 Federal Budget could reshape how testamentary trusts are taxed, with a proposed 30% minimum rate set to end decades of flexible income splitting for families. Here’s what the changes could mean for your Will and estate plan.
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