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WILLS & ESTATES

Introduction

ESTATE PLANNING

What is Estate Planning?
What is Power of Attorney?
Joint Tenancy
Beneficiary Designation

PROBATE

What is Probate?
When to Probate
Executors Duties/Liabilities
Trustee Duties
Probate Fees

TRUSTS

What is a Trust?
Types of Trusts
When Should I Create a Trust?
Who Should Have a Trust?
Tax Implications

WILLS

Planning Your Will
Personal Information Record
Will Preparation Checklist
Assets & Liabilities
Wills Variation Act

GLOSSARY OF TERMS

 
 
 

Probate fees are calculated by the value of the assets you pass on through your Will. Fees are due at the time that the executor makes application for probate of your Will. Many estate plans use strategies to reduce assets that will be subject to probate fees.

Probate Fees:

Maximum

British
Columbia

No fee for estates under $10,000

estates between $10,000.00 and $25,000.00 are charged a fee of $208.00;

estates over $25,000.00 but less than $50,000.00 are charged a fee of $208.00 plus $6.00 per thousand (or part of a thousand)

estates over $50,000.00 are charged a fee of $208.00, plus $150.00, plus $14.00 per thousand (or part of a thousand on the amount over $50,000.00.

None


Alberta

$25 for first $10,000 increasing to $6,000

For estates over $1,000,000

$6,000


Saskatchewan

$7 on each $1,000

None


Manitoba

$25 for first $5,000 and $6 on each

$1,000 over $5,000

None


Ontario

$5 on each $1,000 for first $50,000 and

$15 on each $1,000 over $50,000

None


Québec

$65 for "English form" will;

$0 for notarial wills

$65

None


New Brunswick

Up to $100 for the first $20,000 and $5 on

each $1,000 over $20,000

None


Nova Scotia

$75 for first $10,000 increasing to $800

for estate valued up to $200,000; and $5

on each $1,000 over $200,000

None


Prince Edward Island

$50 for first $10,000 increasing to $400

For estate of $100,000; and $4 on each

$1,000 over $100,000

None


Newfoundland

$80 for the first $1,000; $75 plus $5 on

each $1,000

None


Northwest Territories

$8 for first $500 increasing to $15 for

estate valued up to $1,000 and $3 on each

$1,000 over $1,000

None


Yukon

No fee for estates under $10,000; $140

(flat rate) for estates of $10,000 to $25,000;

$6 on each $1,000 over $25,000

None

* Fees can change at any time so get a current update for your province or territory. E&OE (Errors and omissions excepted).

 
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