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Ontario Wills and Estates #LawFact of the Day: How much are Ontario Probate Fees? #law #legal #EstatePlanning Ontario’s probate fees are $250 for the first $50,000 of an estate’s value and $15 for each additional $1,000. These fees are properly referred to as Estate Administration Taxes. These taxes typically must be paid at the Court when an Application is filed for the appointment of an Estate Trustee to administer an Estate. | Wise Law Office, Toronto
Ontario Wills and Estates #LawFact of the Day: How much are Ontario …
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Most people don’t realize there are THREE types of wills in Ontario — and they are NOT equal. ✔ Lawyer-drafted (best) ✔ Witnessed (valid when done correctly) ✔ Holograph/handwritten (legal… but risky!) And here’s the part people never think about: A proper will needs a revocation clause — a simple sentence that cancels ALL your previous wills. Handwritten wills almost always forget this, which means older wills can suddenly “come back to life” during downsizing and create major family conflict.
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Most people don’t realize there are THREE types of wills in Ontario …
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