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ESTATE SETTLEMENTS

If you ever find yourself named to administer someone's estate, you could be faced with a bewildering range of difficulties and expensive decisions.

Traditionally, these vary from the funeral arrangements, to things like disposing of property, settlement of Federal and Provincial Income Tax, investments, RRSPs, RRIFs, personal belongings…everything that has to be disposed of, according to the deceased's Will. If the deceased has not left an itemized list, just locating key documents can pose a real problem.

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Estate Settlement Section

If the deceased had a business or professional practice, the process becomes much more complicated, as you will have to deal with others with vested interests. You can find yourself swamped in a web of legal and financial…the list can seem endless. And the time involved.

Traditionally, The Fees Can Be Exorbitant

The main fees - executor, probate, legal and accounting - vary with the size and complexity of the estate. In general, the larger the estate, the higher the fees.

Example: Provincial law frequently allows fees up to 5% of the probate value of the estate.If this amounts to $250,000 (a relatively modest estate today), probate fees alone can be as high as $12,500!


We Can Help You Cut These Fees - By Up To 50%

As a completely independent brokerage, we can put you in touch with local professionals, who are prepared to work for smaller fees or even a pre-arranged, flat fee. This way, you can avoid the often crippling costs charged by the major, national institutions.


For more information on estate settlement please email us with details of your situation and we will get back to you within 48hrs.

Email: info@trustco.ca

 

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