When a loved one passes away, their estate goes through the process of probate. Probate is a court-supervised process of validating a will and establishing the distribution of assets from the deceased, including the payment of any outstanding debts. For a trustee, executing an estate can feel like a part-time job. Expensive and complex, probate can take an average of 18 months to finalize. Moreover, beyond the court’s initial filing costs, additional fees can be quite substantial depending on each Province’s specific terms.
Fortunately, by proactively planning an estate, a great portion of this work can be avoided or considerably simplified. Over the years, MacMillan Estate Planning has accumulated ample experience helping families with estate administration. Our extended knowledge of probate’s intricate requirements enables us to execute an estate both efficiently and effectively.