When a loved one passes away, the legal process can be daunting.
What to do first when you are the executor of a will? What are the duties of an executor of a will in Canada? What are the obligations of the executor?
As an executor, knowing whether probate is necessary is crucial. For estates under $25,000, you might bypass probate with just a death certificate and an indemnity to the bank. Each institution varies, so check the specifics.
Assets held jointly with a right of survivorship pass directly to the surviving owner, and those in a trust are distributed as per the trust's terms, avoiding probate. Simplify your responsibilities with these insights.
Questions? Contact us here: www.parrbusinesslaw.com/contact
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22 май 2024
