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THE PURPOSE OF YOUR WILL& PROBATION FEES

Author: dev
Date: August 6, 2020

  • The purpose of a will is to direct the distribution and management of your estate upon your death but “as you wish”.
  • A well-draft will may result in reasonable deduction of probate fee*, both at the time of your death and following your death, which would not be available without a will.
  • Calculation of Probation Fees (as of the currency dated Jan 1, 2020):
    • NIL $0 of the first CDN$50,000 of the value of the estate; and
    • 15 dollars for each CDN$1,000 or part thereof by which the value of the estate exceeds $50,000.

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