Overview of the will probate and administration process in British Columbia When a person dies and leaves a will, the intention is for their assets to be distributed to named beneficiaries. Sometimes, before the assets are released to the executor or administrator of the estate for … [Read more...]
BC Estate Probate Process in a Nutshell – A BC Estate Probate Primer
November 30, 2011
Probating an Estate: The Basics… When someone passes away, British Columbia law governs how his or her assets (“the estate”) will be distributed. The estate includes (but is not limited to) any land, houses, money, investments or personal items the deceased owned. If the deceased … [Read more...]
Not All of a Deceased’s Assets Are Part of the Estate
October 26, 2011
Many people believe that all the assets of a deceased are part of the estate. This isn't true. In fact, some estates may have no assets while the deceased had many assets and/or valuable assets. When are assets of a deceased not part of the estate? 2 of the most common situations where … [Read more...]
Preparing an Inventory of Estate Assets for Estate Probate in BC
October 26, 2011
One of the most important duties of an executor or personal representative of an estate is to locate and inventory all the assets and liabilities of the deceased person. For some estates, this may be a simple task; for other estates this may be a complex and involved process. The starting point … [Read more...]