The passing of a loved one can be a trying time that places new and unfamiliar demands on the people who have to manage the estate’s affairs.
Getting everything in order and starting out with a firm understanding of estate issues, lawyer fees for probate, and other essential concerns, can help make the experience less confusing, and give executors and other responsible parties peace of mind.
What is probate? How much do estate lawyers charge in Toronto? And do you need one to deal with probate concerns?
The answer to the first question is a relatively simple one — probate, in modern times more commonly called estate administration, is a legal process that gives a designated person authorization to perform their duties as executor.
Estate administration concerns come into play when there are disputes over the will, concerns about its provenance, or other specific issues that bring it before the court.
We’ll be looking closely at the other questions in this article, and will show you how an experienced lawyer from a firm like Aion Law Partners earns their probate lawyer fees every day.
How Much Does It Cost To Apply For Probate In Toronto?
Perhaps the most pressing concern many people have when dealing with probate lawyer fees and other expenses is the question of the overall cost.
Discharging the duties of an executor can be an honor — it shows the deceased’s trust in the person and faith that they could be relied upon to manage affairs.
But expenses can add up in a hurry, and the executor should have a good idea of all potential costs to allow them to plan accordingly.
In Ontario, the probate fees vary depending on the estate size. Estate with a total value of less than $50,000 can plan to pay no fee on those holdings, while estates that top $50,000 will pay $15 per $1,000 on the assets over that limit.
Fortunately, you don’t have to do the calculations on your own. The Ontario Ministry of the Attorney General has an online calculator available to help executors know what to expect.
Aion Law Partners can assist with these calculations as well, and help keep your expenses and lawyer fees for probate clear and predictable.