Difference between revisions of "Preparing a Will and Estate Planning"

Preparing a Will and Estate Planning (view source)

8 bytes removed , 19:08, 16 November 2018

3,009

edits

@@ Line 58: / Line 58: @@
 Probate is a process to prove a will is legally valid. An executor must apply to BC Supreme Court to confirm that a will is legally valid. The word “probate” means “proof”. The Court will prove that the will is valid. The following probate filing fees must be paid to the court registry. If the estate is worth:
-*less than $25,000 – no fee
+*less than $25,000—no fee
-*over $25,000 – basic fee of $208
+*over $25,000—basic fee of $208
-*between $25,000 and $50,000 – basic fee of $208 plus $6 per $1,000 ( $358 for the first $50,000)
+*between $25,000 and $50,000—basic fee of $208 plus $6 per $1,000 ( $358 for the first $50,000)
-*over $50,000 – $358 plus $14 per $1,000 of estate value over $50,000
+*over $50,000—$358 plus $14 per $1,000 of estate value over $50,000
 These fees can change. Details are in the ''[http://www.bclaws.ca/civix/document/id/complete/statreg/00_99004_01 Probate Fee Act]'' and the [http://www.bclaws.ca/EPLibraries/bclaws_new/document/ID/freeside/168_2009_06 Supreme Court Civil Rules].