What are the costs and delays involved in settling an estate?
1. Intestacy is a problem to be avoided, whenever possible, as the Provincial government dictates where your assets will be distributed. This often results in difficult estate settlement issues and property management problems. 2. To avoid the additional costs ($3-4,000) and additional delays (2-3 months) caused by the need to Probate non-Notary Wills, when settling an estate. Notary Wills do not need to be probated and can save your estate these unnecessary expenses and delays. In addition, you will get the legal skill and expertise of a specialist in this area of law as well as some highly beneficial tax planning ideas. 3. Intestacy results and the Government decides who gets what. 4. Do-it-yourself Wills must be probated before being able to implement them (see answer 2). 5. Handwritten Wills must also be probated (see answer 2). 6. Lawyers’ Wills must also be probated before implementation and will also incur the additional cost ($3-4,000) and delay (2-3 months) beyond the ordinary
