Probate is the presentation of the Will of a deceased person to the Ontario Superior Court of Justice. The Court issues probate bearing the Court’s seal confirming the Will and the appointment of the Executor made in it. On January 1, 1995, Ontario introduced rules that eliminated the familiar and historic terms “Letters Probate” and “Letters of Administration. Letters Probate are now called “Certificate of Appointment of Estate Trustee With A Will” and Letters of Administration are now called “Certificate of Appointment of Estate Trustee Without A Will”. The reason for obtaining probate is to satisfy third parties (Banks, Investment Managers, Stock Brokers) that the Executor (Estate Trustee) has the authority to deal with the deceased’s property. Probate is required in the administration of most, but not all estates.
Please Note: This information is not intended to contain advice specific to your situation. There are no cookie cutter solutions. After all, you are reading this information on the internet. Your situation is special and unique and you must be guided by specific individual advice from your Lawyer, Certified Financial Planner or Accountant.
Subscribe to our newsletter
Copyright © SINGLA LAW OFFICE. All Rights Reserved
Design and Developed by : Kaytech Software Canada Inc.