Certificate of Appointment of Estate Trustee
When a person passes with or without a will, leaving behind assets (above $50,000), a certificate of appointment of estate trustee is applied for with the court under who’s jurisdiction the deceased person last resided.
When a person leaves behind a will, a set of instruction for distribution of his assets after his passing, he appoints an estate trustee or an executor to make funeral arrangements, administer and distribute his assets, to pay taxes including the estate administration tax. The executor will apply for a Certificate of Appointment of Estate Trustee. In the event a person passes intestate, one of the heirs approach the court seeking to be appointed as the estate trustee. In this case, he will be applying for a Certificate of Appointment of Estate Trustee without a will.
In Ontario, a certificate of appointment of estate trustee was previously called as probate.
The role of the estate trustee is crucial. The original last will and testament along with its codicils is an important document that needs to be submitted to the court in an application for certificate of appointment of estate trustee. The application will list the assets (in case of a small estate valued at $150,000 or less). The application will also be accompanied an original death certificate and a probate fee payable to ‘the Minister of Finance’.
The estate trustee upon appointment, usually, will look after any and all litigations involving the estate. For the time he spends in administering the estate, he can be compensated with up to 5% of the value of the estate.
In the event you need assistance in administering an estate do not hesitate to reach us.
How can EVERYTHING LAW PROFESSIONAL CORPORATION help you?
If you require further assistance in the above matter, please contact us. We are Immigrant-founded, multilingual and accommodating to cater the needs of all walks of life including the working-class community. As experienced professionals, we have been successfully assisting clients in this matter to their satisfaction. Contact us today.
Real Estate
Family Law
Immigration
Disclaimer:
We aim to update our website on an ongoing basis with transparent prices, written resources and links, but they may not be current or updated, reflecting the latest changes made to any law or policy. You are advised to act independently and diligently in verifying the current legal standards and to seek advice from professional legal counsel before acting upon any information from this website.
Please note that both our contents and any links to third-party sites are not legal advice and are mere information provided on an "as-is" basis, for general purposes, without any warranty or representation, expressed or implied.
Until we sign a retainer, we are not your legal representative. Mere visiting, accessing or using our website or resources do not establish a solicitor-client relationship between us. Therefore, please do not disclose confidential information to us, in any form or manner, before we perform a conflict-of-interest check and retained.
Unsolicited communication, in any manner, does not impose any confidentiality obligations. Nevertheless, the resources on our website can help you in forming an idea about your next steps.
If you are ever in a legal crisis, it is imperative you retain a lawyer of your choice. We do not endorse, recommend, or accept responsibility for the accuracy, reliability, security, or completeness of information on this or any external links cited by us who may ask for your personal information and may have their own policies and practices.
We disclaim all responsibilities, liabilities arising out from any use or inability to use of this website, including reliance on the information provided and therefore, are not liable for any damages not limiting to direct, indirect, incidental, consequential, punitive, or special, resulting from the use of this website or any information contained within it.
We reserve the right to modify, revise, or update the contents of this website including this disclaimer at any time without prior notice.
This site may collect information from our users and we are the sole owners for any information collected from your visit on this website. We aim to comply with the rules and standards set by the Law Society of Ontario (LSO).
For any concerns regarding compliance or ethical obligations, please contact us directly to ensure clarity and adherence to professional responsibilities and obligations.