A probate lawyer can explain what probate is
A probate lawyer can help you understand what probate and what probate fees are. Probate is a verification by the Court that a will is valid. If a will is valid, it verifies that the trustees of the estate are allowed to administer the estate. A verification by the Court allows confirms the appointment of the trustee of the estate or the executor of the estate. This is important because many institutions such as banks requite a will to be pass probate before funds related to the estate can be released to the estate trustee or the executor of the estate. Whenever you find yourself in a situations dealing with probate or probate fees, it is important to consult a probate lawyer. If mistakes are made at this stage, it can lead to problems with tax and increased exposure to estate litigation. The administration of the estate can be delayed, which can result in significant stress and lost time.
Probate fees and hiring a probate lawyer
The tax associated with probate is called the estate administration tax. A probate lawyer can help you understand probate fees and avoid some of the common mistakes made by people who must probate a will. To find out how the Ontario estate administration tax is calculated, click here. It is important to seek legal advise from an experienced estate lawyer when dealing with probate or probate fees.
The information on this website is not legal advice. It is for informative purposes only. Contacting us through the website, email, or telephone does not mean you have retained a lawyer. To book a consultation with an estate litigation lawyer, call Charles at: 1-866-677-7746.