Probate


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How To Reduce Probate Fees Wisely

What is Probate?
Probate fees are the fees charged by provincial governments to probate your Will when settling your estate. Probating your Will is the process of having your Will authenticated and of confirming the appointment of your executor.
The Cost of Probate
Probate fees are highest in Ontario at $5 per thousand on the first $50,000 of [...]

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November 30th, 2005 | admin | 5 comments | Continued
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And to my beloved government, I leave….

For your entire adult life you are subject to taxation in some form or other. You may begrudge paying these taxes, but you nevertheless do, justifying the expense as the “required cost” of living in Canada. It therefore seems a bitter irony that the payment of taxes doesn’t necessarily end when you die. You are [...]

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October 8th, 2004 | admin | 0 comments | Continued
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Avoiding Probate to Benefit Your Spouse

One of the goals of estate planning is to transfer your assets to those you want to benefit with the least cost and delay. Another is to preserve your privacy. If these goals are important to you, then you should consider taking the necessary steps to avoid the probate process.

PROBATE - WHAT IS IT?
The word [...]

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July 20th, 2004 | admin | 1 comment | Continued
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Understanding Probate

Probate is the process whereby the court recognizes the authority of an estate trustee. One of the reasons for probate is to provide needed assurance to certain third parties that your Will is valid and that your executor is authorized to act in your name with regard to your assets after your death in order [...]

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April 1st, 2004 | admin | 2 comments | Continued
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Probate Fees Can be Legally Avoided

Thousands of people want to learn how to protect their assets from probate, and pass that wealth on to their children instead of the government. There are several perfectly legal and above board ways to do that.

“Letters probate” are simply a judicial certification of the validity of a Will, as well as judicial confirmation of [...]

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March 17th, 2004 | admin | 0 comments | Continued
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Probate Fees and Multiple Wills

The Ontario case offers a strategy for the relief of probate fees.

Probate Fees and Multiple Wills
In Canada, with the victory of the Estate of Philip Granovsky v Ontario (1998) the use of Multiple Wills may be a viable way for estate planners to significantly reduce the probate fees that apply upon the disbursement of a [...]

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October 31st, 2003 | admin | 0 comments | Continued
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Probate Fees and JTWROS

The use of joint accounts, or JTWROS (Joint Tenancy With Rights Of Survivorship) is finding a place in Estate Planning strategies as an effective way of reducing probate taxes at time of death.

One of the major concerns of estate planning is the minimizing of taxes and, of all the taxes we are heir to, probate [...]

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October 29th, 2003 | admin | 0 comments | Continued
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Provincial Probate Taxes

Probate is a legal process that takes place after someone dies and usually involves several steps. It is generally overseen and accomplished by the executor if there is a will, or by a court appointed representative if there is not.
Though provincial laws vary, probate typically includes:
1. Identifying and inventorying the deceased person’s property.
2. Accounting and [...]

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October 29th, 2003 | admin | 0 comments | Continued
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Probate Avoidance With Multiple Wills

One of the reasons for probate is to prove the validity of the estate trustee to certain third parties in order to better facilitate an efficient distribution of estate assets in accordance with the wishes of the Will. However, the authority of the executor is not dependant upon the probate process, but derives from the [...]

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October 29th, 2003 | admin | 0 comments | Continued