Who is the estate trustee of an estate in Ontario?

Who is the estate trustee of an estate in Ontario?

When a person dies they may leave behind belongings, real estate and other assets which is called their estate. In Ontario, an estate trustee is the only person with the legal authority to manage or distribute an estate. Probate is a procedure to ask the court to: give a person the authority to act as the estate trustee of an estate; or

Who is responsible for distributing an estate in Ontario?

When a person dies they may leave behind belongings, real estate and other assets which is called their estate. In Ontario, an estate trustee is the only person with the legal authority to manage or distribute an estate.

What happens to an estate in Ontario if there is no will?

When a person dies without a valid will, called “intestate”, Ontario’s Succession Law Reform Act sets out how the estate is distributed.

What do you need to know about probate in Ontario?

Probate is a procedure to ask the court to: give a person the authority to act as the estate trustee of an estate; or confirm the authority of a person named as the estate trustee in the deceased’s will formally approve that the deceased’s will is their valid last will.

How is estate administration tax calculated in Ontario?

The estate administration tax is calculated on the total value of the deceased’s estate. It is sworn/affirmed to on the application for a certificate of appointment of estate trustee under “Value of Assets of Estate”. More… How do I prove I’m an heir (someone who inherits property) to an estate?

Find out how to apply for probate. What is a will? A person’s will is a written document that sets out the person’s wishes about how his or her estate should be taken care of and distributed after death. It takes effect when the person dies. What is an estate? An estate is the property that a person owns or has a legal interest in.

Where does the estate tax refund go in Ontario?

The refund would have been paid by the Superior Court of Justice in Ontario where your deposit of Estate Administration Tax was paid. Once a Certificate of Appointment of Estate Trustee is issued, the deposit paid becomes the Estate Administration Tax.

When a person dies without a valid will, called “intestate”, Ontario’s Succession Law Reform Act sets out how the estate is distributed.