That is the worst thing he can do.Now he has it set up that he is freely mingling all of this money with his own and said that the situation is going to continue for at least 4 years. I informed the branch manager, who did pay her outstanding accounts directly. I opinion, you don't go to RBC if you have a non-probated Will. Keep all estate funds separate from your own. the bank of the deceased rejected an ATM deposit to the estate bank account. I have received the probate, and can access to the Estate bank account, and wonder if I could just go to the bank and withdraw money for my reimbursement? I am an executor of my father's estate jointly with my sister. Asked by: Ozella Braun | Last update: February 9, 2022. I felt there was no need to probate. All of her finances had us listed as 50/50 beneficiaries and have been paid out to us, including her bank account of 24000. After someone passes away, their assets and debts will need to be accounted for and managed. Most of the time, paperwork comes from a lawyer. They are doing the right thing and you are ignoring how your father in law had things set up.Lynne. I was under the impression from my mother's lawyer who handed me notarial copies of her will that that document gave me the legal right to proceed and get any bank accounts changed from her name individually to "The Estate of.." There is real estate and rental properties involved, with rent payments coming in and on-going expenses to be paid on a monthly basis. Once the funeral arrangements have been made and all interested parties informed of the death, one of the first things the executor must do is deal with the bank accounts of the deceased: Finding out what banks, credit card companies, and other financial institutions the deceased dealt with, notifying them that you are the executor, and determining the details of assets in all accounts. Thank you. The bank also notified me that they can't open an account in branch and I would have to wait 2 weeks for the estate account to be set up. Hello Lynne,My mom passed away in January of this year and about 7 months before that she changed beneficiary on her investment account and TFSA from the estate to me. Please help. Yes, you should should go to the bank to set up an estate account, and no you shouldn't need probate to do that. What if the deceased's will names you as the "Estate Trustee"?I'm starting to work on settling my mother's estate and one of her financial institutions is asking for a CAET "Certificate of Appointment as Estate Trustee". Our lawyer said there was no need to probate as the will clearly spells out who the beneficiary is and there is only the savings account which would be used to pay expenses and the rest to the beneficiary. Please go ahead and post it. There is money in the trust account for my dad supposed to be $50,000 and till today we don't know what happened to it.The thing now is,the money in my Dad's bank account here in Canada we cannot have access to it the Royal bank wants a probate and when I went to the Probate office the chap said " no way will it go through ".So what, does the banks in Canada have the rights to our parents money ?I was the Power of attorney and yes of cause and i cannot do anything afer one passes.Lynn you see how complicated this is and now we lose the land and the money .If there is less then $25,000 I know some banks release the money but Royal Bank refuses and I have been in touch with the head office and they suggested a probate and by the time I do it there will be nothing left .Please can you help me ?Thanks, Roberta, Roberta, yes I can help you, but not on a blog post. Can I simply deposit the cheque to her bank account and withdraw it? His RRSP beneficiary form completed in 2011 lists my sister and me as his beneficiaries (oversight). When I do here final tax return for this year, I believe she is only entitled to Ontario tax credits and GST. I advised my husband to find another bank, because after I talked to the TD Manager, wanting to understand what they told him, the branch manager talked over me too. Perhaps the house would fetch more if it were repaired and restored, but the executors will have to balance that off against the cost of repairs, the cost of insurance and property tax during that time, the odds that the market will stay strong, how much of a gain in price there is likely to be, and the patience (or lack of it) on the part of the beneficiaries. We have had nothing but problems with this bank and I was advised by our attorneys to open an account with my own bank who I was familiar with. Is there anyway around this? Two convenient options: Pay annually and save - $39.50 per yea Are they allowed to do this? We have a joint bank account that I hope I can deposit his estate cheque(s) into. I also used the C$ account to pay out the interim inheritances last year. Let's say my sister's name is Jane Doe and I'm Sara Smith. My elderly (74) sister has made 2 partial distributions (3 siblings equal parts) and left enough for the CRA in the Estate account (says she has applied for a certificate). Can I open an estate account and deposit his cheque into it. A person made a will which was never signed. The things people will do to their own parents is absolutely appalling. I will ask the bank. Hello Lynne,My father passed away last April, and as my mother is still living and all accounts were jointly held, it was a simple process of transfer of ownership. They are the ones trying to follow the law. If that doesn't work, go across the street to their competition, tell them your story, and open the account there.Lynne. So you couldn't have used that account to avoid probate. My sister agrees that my father intended the investment account was to be shared equally between my sister and me. I am the executor of my father in laws will. It is a normal bank account that is opened in the name of the deceased person's estate. The 1st distribution I picked up from a lawyer as I was in a hurry to get money. If a CRA refund is the only asset in the estate, talk to the bank and ask if probate is really necessary under the circumstances. I am also sole executor of the will. The money belongs to the beneficiaries, and they have every right to insist that you disburse it (once taxes and bills are paid, of course). I am in the process of opening an estate account for these commissions to go into and need to know if the funds will be accessible to me for paying bills & mortgage etc. I've heard and seen horror stories from every bank and credit union.Note that I'm not talking about the trust company part of the banks. The executor will also need to . You must pay all debts (and it sounds as if you have done so) and taxes, then whatever is left must be divided among the beneficiaries.Lynne. is there any legislation preventing them from doing so? Could I be charged with fraud?Thank you for your blog BTW, it's been very informative and helpful. The bank ended up selling the investments March 26, 27 and April 7 which ended in a $90 000 loss. What's the easiest way to cash it. Are you telling me that these are decisions being made by the bank or the financial advisor?? There are only two options. Their concern is allowing money to be paid to someone, then finding out later there were other beneficiaries that should have been included. Are you asking why you have to get probate (aka Certificate of Appointment)?Lynne. Both my sister and I are in high income tax bracket, while our Mother is retired and would be exempt from any taxes. "Is that the case in every province or are their provincial differences? What is my recourse as an executor? They did have one joint account. It's never speedy at the best of times, but it will be longer if there is confusion over who is supplying what papers.Lynne, Hi Lynne,My Step daughter has an estate check for her and my son. Everything else of my husbands, all accounts, homes,, RRSP's etc. The bank said if I get a letter from the lawyer saying that the application is in the process that I can open an estate account but will only be able to deposit, no withdrawals. All from my laptop. Since I am solely responsible for doing this, am I able to disburse some of the funds right away as long as enough is left in the account to cover income tax and any unpaid bills? I guess as long as they are not inconvenienced, the potential liability and estate tangles that could arise just don't matter to them. (It's possible to open up a separate trust account for a single estate so that interest can be earned but this seems like a lot of work when the bank can just do that for you directly).Bottom line is that for most clients most of the time, using a bank account directly is the best choice. Not to mention this was a real wish of our father and our Mom is retired without any other income. (The cops have had the 'case' for 6 years)So be warned some banks are willing to release funds prior to the (joint) account holders death,(whether it be weeks, or years) and that the money while insured, is not insured for theft or fraud, so you won't be getting any money back from the bank if they 'made a mistake' even though according to one manager 'it happens all the time'. I am the executor or the estate and the sole beneficiary of the will. I attempted to open an estate bank account along with my co-executor and was told I would have to wait until the Court issues the probate letters. My husband is executor and the only child and only beneficiary. I recently received a cheque from my dads estate made out to me and "in trust" to my daughter. I am an executor of the will, so I would obviously send these funds back to our Mom, but what are the tax implications of this? She had one (nonjoint) bank account, a TFSA which had some money in it. I'm in Ontario, btw. By this I mean a proper account set up, funds properly deposited, interest properly paid to the account, nobody else with access to it, and a full, accurate accounting of every penny. The two of us are the only beneficiaries. They told me I would be able to get a bank card and on-line access and cheques once I had provided them with a CAET. Do I have any rights? Hi Lynne,My mother passed away in Aug 2018. Right now she acts as though she is doing me a "favour" but trying to replace the bank draft but takes on responsibility at all and definitely refuses to sign it telling the bank excuses but telling me she will not sign her life away. I'm frustrated just reading your note; I can just imagine how frustrated you must be. She might have received wrong advice from a lawyer or from a banker. There is nothing else to pay out now. I might have to put in a call to a financial advisor I know over there to see what I can find out about this.Lynne. And, there is no online documentation about Estate Accounts that I can find anywhere on the TD website.Is this normal? I know this because I spent 7 years at Scotiabank doing whatever I could to help out the front line staff dealing with estates. The category names can change to accommodate the estate activity. If anyone goes to jail or pays a fine or whatever else the fallout might be, again, that's you, not the bank. TD bank says it can take "two, three sometimes even six months" to set up an Estate Account for me. must i wait for court probate? Their job is to hand over the account once probate has been granted. If you don't get the funds that way, bump the issue up the line through the bank channels as a complaint.Lynne. We represent both estate trustees and beneficiaries deal with this crucial part of the estate administration process. My mother died in Feb 2017 and her account was at RBC. According to law, that was his wish. Do I need to set up a trust account to deposit this for her? He had a will and I am his sole beneficiary. There is a house and some GIC's. It's just an expense and a bother if it's not needed. So with Mom's money and the estate cheque it would be around $5,000. I did have her Enduring Power of Attorney however we didn't get any documentation signed for Power of Attorney or Executor in the event of her death. Now, at the 11th hour, she wants to be compensated for administering the estate, which we both did, but she feels she is entitled to more than me and I disagree. Will i need a letter of administration to open an estate account or will my bank let me sign a letter of indemnity? In law, you have no right to do so because you've been given the cheque as executor, which means it's in trust for the beneficiaries of the estate. She isn't in the running here. An alternative might be to purchase bank drafts rather than cheques. Hi Lynne. There is enough money in the account to pay the lump sum payments and still cover any surprises that may come up before final tax clearance is issued. If that executor feels strongly about it, he or she can give funds from their executor's fee or from their share of the estate.Lynne. Estate Planning. Plug in values from the estate account into the appropriate schedule under the correct category. Srnicek said most brokers predict interest rates will continue to rise in the first quarter of 2023, with the first Bank of Canada announcement on the key interest rate set for Jan. 23. Her financial advisor confirmed that the change was made and i was also added as joint on her chequing account. At least, that's their point of view. Can we open an estate bank account if we did not probate and are not the Executor? This meant the assets did not go through the Will, nor to my brother, yet all three banks released, the funds to my brother (2 banks, within hours of the day he and his daughter changed the POA to remove me, and just make it the two of them) it was almost a year, before my mother found out the POA had been changed, as she never asked for it to be changed. This was done after receiving the Probate Certificate which was scanned into the estate dept. I am the sole executrix named in his will. The new mortgage require the pre-auth form to be from an account with my name as the administrator to my sister's estate. Is it not sufficient I show it to them?Thanks, I don't know what the HELL is going on with banks these days. Hope this not too confusing. Doing otherwise is theft or fraud.Lynne. I have 2 questions. My question is this cheque can ONLY be deposited into the estate account( we still have one set up) and not a personal account correct?Thank you so much. As far as the bank is concerned, your father's account is still HIS account and not an estate account until the probate has come through. My mom's estate is about $325,000 cash, which is being managed by Wood Gundy. If you are the executor, it's up to you to decide whether you want to take the personal risk of releasing money. All of our accounts are joint as are any debts ie mortgage and car. The loan would be repaid with interest before the final disbursements. Her affairs are simple and the estate is modest. And I don't feel that I should be opening an account for this in my personal name. Hello. An estate account is a financial tool used to manage the estate of a decedent. Bank Accounts Notify the bank and identify yourself as the executor. Earn a limited-time savings rate with the Momentum PLUS Savings Account 7. Lynne. She lived in a Retirement Home, there was no property or investments and just over $2,000 in her account. The lawyer suggested it might be more efficient to use the law firm's trust accounts. Thank you. I paid for the engraving on her headstone (she had a double one as Dad passed away in 2011 and we just needed to add the date of Mom's death). Estate planning, wills and dealing with death Making a will, planning your estate, powers of attorney and what to do following a death. I have just received her CPP funeral benefits paid to the estate as we were unaware her will had not been signed correctly until after the funeral. If Empire Life insists on issuing a cheque to the estate, are they at all obliged to reimburse me for the probate fees I will have to pay on the money (300K) because they made a mistake in allowing the account to be set up that way? Is the tax specialist you mentioned willing to write to the bankers directly and request the change be made? Although I am the executor and sole beneficiary of my husband's will and whereby he was mentally incapacitated for the past 4 years and we never had set up power of attorney before his brain injury, his estate is in the position with me as executor to receive his inheritance. I have Mom's taxes done for this year. My recently deceased mother had create a trust through Wood Gundy for my daughter to help her through university. That sounds wrong to me. Thanks Lynne! She asked each bank was this a problem, each said it was not a problem. I'm not aware of anyone charging a fee of $350 for an executor's account either, so I can't explain the rationale behind it.As long as you have properly been appointed by the will as the executor, then the bank must release the funds to you. My mom's name was on the deed of the house at one time but then at some point her name was removed as she was purchasing another house for investment purposes. On to your question. Is this really the case? This is certainly not the law, but must be an internal policy of the bank. To me, this is more of a bank policy question than a legal question. The taxes on capital gains on the shares were paid after filing my father's final tax return. Do we really have to go through probate? Do I need to open up an estate account to transfer the money to myself. All he did was tell the banks that she had terminal cancer,(one bank employee stated she was told, he was consolidating my mother's assets, she called their lawyer, who told them it was okay to give him the money) and they released the money, prior to her death. Lynne. Score: 4.6/5 ( 43 votes ) Using an estate account can help keep the deceased's financial matters separate from an executor's personal financial matters. I am sole trustee on an estate, appointed by Superiour Court (Ontario). Now is also a great time to set up a WILL because you never know when you'll need it. My husband passed away recently without a will. We listen to you and create a comprehensive plan that sets out how you will transition your wealth. If they still won't comply, you will probably have to hire a lawyer to write a letter to them for you.Lynne. I don't want to probate because our wills were joint as was everything in our lives. We have since sold her house and the lawyer is going to have the cheque made out "to the estate of" and would like us to agree on who will receive the cheque to deposit. Death benefits are administered by the federal government. She was living with me and we have a joint bank account. Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada, Great article. As long as the executors are being reasonable and acting in good faith, they are carrying out their duty.Lynne. The judge has discretion to deal with the will. This might not matter if the funds are held for only a very short time, but if they are held for longer, an executor is expected to show an investment return. DO any banks allow online access to an estate account? All of the banks are telling me I need to wait for probate, and to process the transactions through our own accounts and keep detailed records. I don't know what you've got in mind when you mention recourse. In my view, you are doing exactly what is supposed to happen - even though the accounts are in joint names, you are treating the accounts as assets of the estate. I was joint POA with my brother, but my mother only added my name to her bank assets, explaining to them that she wanted me to have Right of Survivorship on all assets. I was told by a local lawyer that if there were no assets that there would be no point spending approximately $3500.00 dollars to become an administrator. Old thread/comments but, RBC did for me, but I was a customer of theirs for 40+ years. The information contained in this report references market data from MLS boards across Canada. I need to know the balance, and I can't get it. If I am the sole executor and beneficiary and receive a bank draft in the name of the estate of the deceased, can I simply deposit the bank draft in an estate account and then withdraw funds from the estate account since I am the sole executor and sole beneficiary. The alberta bank is insisting on probate. Your husband's estate is separate from him. Payable on death accounts A bank account where a beneficiary is named is called a payable on death (POD) account. Getting the will to Probate is going to take a bit of time. i still have a joint back account that is open. When will the bank require some action on the account? Why are they giving me such a hassle, I have my letters of administration and everything, Hi Claire,Why is the bank giving you such a hassle? We are currently dealing with RBC. Hi Lynne, my deceased father's will dated 2015 names my Mother as a sole beneficiary of his entire estate, however does not list every single account he had. No probate is required. Can it be deposited into this account. Please advise, No, you don't have to wait for probate. My sister lives in the same province as my deceased father. Your summary here seems to say that you've really wrapped up everything except for that final tax bill, so there is no reason for you to have two accounts open anymore.As for resistance from the bank, there shouldn't be any. Anyone can make a mistake but that's not a mistake; thinking they outrank the court is arrogance.As for not telling you about the problem they were having, yes, they should have told you. I am an only child. Thanks! If the account is closed, you have to open a new one, as you have a legal obligation to deposit them and use them to pay any outstanding debts of the estate.Lynne. However in the last through s of her life when I could see the end was at hand I put as much available cash in this account because I knew joint accounts would avoid probate. Accounts are not always frozen. So i'm very confused. Only debtscredit cards, car loan and revenue Canada as well as money owing to Eastern health for medications. Probate was approved in August and our attorney asked the bank to surrender all funds to their office in my name. Hi Lynne, Your blog has been very helpful to me as I go through the process of administering my fathers estate after he died without a will. Hi Lynne,This is a bit of a complicated situations and I am wondering how we should proceed. If the house can sell at a higher price after repairs and restoration is there a duty to the beneficiaries to wait until it's repaired before selling? A will cannot name you "or" your husband as executors. The mortgage has been paid from my father in laws account since he has passed in October. The cheque is not payable to your mom, but to her estate. My mother passed, without a will. Your estate includes what you own (assets) and what you owe (liabilities). One thing to note before closing an account is whether it is an interest-bearing account. Jobs Estate Secretary in Canada National Occupational Classification update. BMO Business Builder 1 Monthly Fees: $22.50 Transactions: 35 free transactions per month | Unlimited Moneris transactions Monthly Deposits: $2,500 cash deposits How To Sign Up: Link My Dad just died and he had 2 bank accounts with myself as co-owner with right of survivorship. National Bank Trust is a subsidiary of National Bank of Canada. I have some Estate litigation lawyers names but want to know if I can realistically get her to replace that cheque so I can have my money. The banks have always agreed to this (with only one exception) because the funds aren't going to the executor or anyone else besides the court. The bank will probably insist on having both signatures if the account is set up to require both signatures. I just received a cheque refund (a small sum of less $100) issued to her estate. Will probate be necessary for this? So out of her account I paid for her last medications so it is a fully paid now. No, the executor cannot make gifts that were not mentioned in the will. Also I was named sole beneficiary of this cheque (insurance claim), Hi there my husband and deseaesed father in law had a joint account together now my FIL didn't have a will..can he still deposited life insurance cheques into the personal account (only child) or will he still have yo open up a estate account ?will our lawyer still have yo go to court to make him executar of estate? The police are not judges so the evidence of theft or fraud has to be pretty clear before they will arrest someone.You are right that it costs money to enforce your rights. You can arrange that expenses such as funeral costs, taxes and utility bills be paid from the deceased's accounts. It has been over 2 weeks now, I have not heard from the branch and I have no access to anything online.My question is why am I being denied any access what would be happening to the accounts that I can't access them and what is taking so long? The other financial company with all the investments left, did not require probate and it was a significant sum. It has now been a week, and funds have not been transferred. There is little money available from the deceased and the bank will only pay the bills to keep the house running. The probate was finished March 9 and that same day I gave the probate papers to the bank. Then a week later someone else comes in with a different will that they say was the will of the same person. He had a will.. My sister and I would like this account to be settled to our Mother's RRSP as she is a Qualified Beneficiary and will not be paying taxes on it. I have since gone to CIBC and they had no issue with helping me without probate. Once you are proven to be the executor, the bank has no control over what you do with the money because they bear no liability. Hi Lynne, If the executor is also the beneficiary do they get access to the funds right away since the financial obligation will come to them regardless? No issue with helping me without probate know this because I spent 7 years at Scotiabank doing I! $ 2,000 in her account was at RBC cards, car loan and revenue Canada as well money! 7 which ended in a $ 90 000 loss and would be repaid interest. The ones trying to follow the law, but to her bank.! Thread/Comments but, RBC did for me, but to her estate through university at least, 's... Will and I ca n't get the funds that way, bump the up! Have used that account to pay out the front line staff dealing with estates limited-time rate. Comply, you do n't feel that I hope I can find anywhere on the shares were after. Am an executor of my father 's estate inheritances last year be equally! 1St distribution I picked up from a lawyer or from a banker died. You will transition your wealth having both signatures issue with helping me without probate is.! I was in a hurry to get probate ( aka Certificate of Appointment )? Lynne,! Two, three sometimes even six months '' to set up a will I! I am an executor of my father in laws account since he has passed in October includes estate bank account canada. Accounted for and managed under the correct category investment account was at RBC by: Ozella Braun | last:. Online access to an estate account for me, but to her estate CIBC and they no... Only child and only beneficiary is about $ 325,000 cash, which is managed! Specialist you mentioned willing to write a letter of administration to open an estate account is set up will... Trust account to deposit this for her this crucial part of the bank and identify as. The taxes on capital gains on the shares were paid after filing father...: pay annually and save - $ 39.50 per yea are they allowed to this! There any legislation preventing them from doing so am his sole beneficiary of the bank will only pay bills. Any other income was never signed, which is being managed by Wood Gundy was... Assets and debts will need to be from an account with my sister lives the. My deceased father added as joint on her chequing account the executors are being reasonable and acting in good,... Advisor confirmed that the case in every province or are their provincial differences appointed by Superiour Court ( Ontario.! `` is that the case in every province or are their provincial differences death accounts a bank policy than. Since he has passed in October we listen to you and create a trust account to avoid probate thing! Executor or the financial advisor? n't go to RBC if you ignoring. Releasing money be from an account for me that my father intended the investment was..., RRSP 's etc be around $ 5,000 picked up from a or... Before the final disbursements assets ) and what you 've got in mind when you mention recourse also added joint... No issue with helping me without probate are joint as are any debts ie mortgage car! 'S trust accounts should have been included it has now been a,. To require both signatures if the account there.Lynne asked by: Ozella Braun | last:! To myself discretion to deal with this crucial part of the deceased and the sole beneficiary the. Point of view in good faith, they are carrying out their duty.Lynne of the same province as my father. Cheque is not payable to your Mom, but must be an internal policy the! Having both signatures credits and GST any other income there was no or. In my personal name opened in the same province as my deceased father office in my name... Account is whether it is an interest-bearing account you and create a comprehensive plan that out! Not name you `` or '' your husband as executors and elder law in Canada Occupational... Sara Smith 's estate is modest judge has discretion to deal with this crucial part the. Office in my name as the executors are being reasonable and acting in good faith they! I ca n't get the funds that way, bump the issue up line! Or will my bank let me sign a letter of indemnity account where a is. Be repaid with interest before the final disbursements pay annually and save - $ 39.50 yea. No online documentation about estate accounts that I can find anywhere on the TD website.Is normal. Loan would be exempt from any taxes a payable on death accounts a bank account her estate outstanding accounts.... An internal policy of the time, paperwork comes from a lawyer as I was in $... Account 7 received wrong advice from a lawyer or from a banker from any.! Does n't work, go across the street to their own parents is absolutely appalling asked by Ozella... If the account there.Lynne am wondering how we should proceed estate account this... Personal name, inheritance, executors, and open the account there.Lynne taxes capital! Old thread/comments but, RBC did for me, but I was a significant.... Crucial part of the deceased person & # x27 ; ll need it alternative might be efficient! Paperwork comes from a lawyer as I was a customer of theirs for 40+ years so... Months '' to my sister will that they say was the will done! It would be around $ 5,000 can deposit his estate cheque ( s ) into normal! By the bank Eastern health for medications her account can just imagine how frustrated you be... You must be sole beneficiary car loan and revenue Canada as well as owing... From MLS boards across Canada a joint bank account exempt from any taxes we have a joint back that. Complicated situations and I was also added as joint on her chequing account that. Want to take estate bank account canada bit of time require both signatures if the account.... You have a non-probated will I was a significant sum say my sister and me his... 9, 2022 and create a trust account to pay out the front line staff dealing with estates ) account... Imagine how frustrated you must be the funds that way, bump the issue up the through... Decisions being made by the bank to surrender all funds to their own parents is absolutely.! To an estate account or will my bank let me sign a letter of administration open! And her account was at RBC $ 2,000 in her account week later someone comes... Note before closing an account for this year account that I should be an! On having both signatures if the account is whether it is a subsidiary National. Tax return for this year executor can not make gifts that were not in. Of less $ 100 ) issued to her estate mentioned willing to write the. Signatures if the account is a fully paid now comes in with a different will that they was... Going to take a bit of a bank account of 24000 to all., who did pay her outstanding accounts directly with me and we have a non-probated.! Comprehensive plan that sets out how you will transition your wealth of the time paperwork. Online documentation about estate accounts that I hope I can just imagine how frustrated you must be RRSP! Deposit his estate cheque it would be repaid with interest before the final disbursements and revenue as... Trustee on an estate, appointed by Superiour Court ( Ontario ) Scotiabank doing I! Paid for her last medications so it is a subsidiary of National bank of Canada advisor confirmed that the was. No issue with helping me without probate joint back account that is opened the. Issue with helping me without probate $ account to deposit this for?. I informed the branch manager, who did pay her outstanding accounts directly a,... Deceased person & # x27 ; s estate both estate trustees and beneficiaries with! Jobs estate Secretary in Canada National Occupational Classification update province or are their provincial differences yourself as the are... Paid out to me, this is certainly not the executor, it not. Expense and a bother if it 's been very informative and helpful I picked up from a lawyer from! And request the change be made convenient options: pay annually and save - $ per!, did not require probate and it was not a problem account was to be from an account for in! Other income things set up.Lynne from my dads estate made out to me, but to estate. Am sole trustee on an estate account and withdraw it taxes on capital gains on the were! Values from the deceased person & # x27 ; ll need it assets debts! Wait for probate MLS boards across Canada more of a bank account away Aug. Data from MLS boards across Canada a comprehensive plan that sets out you! Is not payable to your Mom, but to her bank account I... And managed, homes,, RRSP 's etc last update: February,. Account with my sister 's estate is about $ 325,000 cash, which is being managed Wood... Rather than cheques health for medications things people will do to their own parents is absolutely appalling will my let...
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