1,185
edits
Difference between revisions of "Probating the Will"
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→General tasks
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* Prepare a final statement of assets, debts, income, expenses and distribution. This is for the beneficiaries to approve and is called “passing of accounts.” | * Prepare a final statement of assets, debts, income, expenses and distribution. This is for the beneficiaries to approve and is called “passing of accounts.” | ||
* If any cash and belongings remain after you distributed the specific gifts, divide the remainder or residue as instructed by the Will. If the Will does not have a residue clause, you must distribute the remainder as if there was no Will | * If any cash and belongings remain after you distributed the specific gifts, divide the remainder or residue as instructed by the Will. If the Will does not have a residue clause, you must distribute the remainder as if there was no Will. The Probate Guide listed in the next section may help. | ||
* If a beneficiary is a non-resident of Canada, you may need to obtain a clearance certificate from Canada Revenue Agency. | * If a beneficiary is a non-resident of Canada, you may need to obtain a clearance certificate from Canada Revenue Agency. | ||