My name is Ira Smith, president of Ira Smith Trustee & Receiver Inc.
And our companion business,
where we act as professional estate trustees, Smith Estate Trustee Ontario.
Today's Brandon's Blog is titled How Long Does Probate Take In Ontario?
7 Questions Newbie Ontario Estate Trustees Are Embarrassed To Ask.
In this Brandon's Blog, Brandon talks about how long it takes
for probate and gives frequently asked questions and answers
that we find people ask us in our role as a professional
Estate Trustee.
The reason why new Estate Trustees may be embarrassed to ask these questions
is because they feel that since they're a relatively educated person,
but they've never been in an Estate Trustee before,
but they still should know the answer based on who they are and their education.
And they're somewhat embarrassed to ask the estate lawyer questions that they feel
are simplistic and they should already know what the answer is.
But if you've never been an Estate
Trustee before, it's normal not to know a lot of things about that role.
So in this Brandon's Blog,
Brandon talks about the role and issues surrounding probate in Ontario.
I hope you can watch until the end of this
video because I know you will get value from it.
So in the blog below,
Brandon gives an introduction to the topic and then he starts answering
the seven questions
that we are most often asked.
The first one is what is probate in Ontario?
Probate is simply the process of applying to court
to
get the necessary certificate of appointment of Estate Trustee,
to advise the Estates court of the value of the assets that must be probated
and to calculate and to pay the proper
amount of Estate administration tax. Getting that certificate
of appointment of the Estate Trustee is the proof.
the Estate Trustee needs
to go to different third parties, such as banks for financial assets,
to be able to convey, to sell assets to prove that you have the right to do that.
Then Brandon answers the question,
how long does it take in Ontario, what do you need to apply?
How do you actually apply for probate?
Third, what is the probate certificate,
and is a probate certificate always required?
Next,
after you get the probate certificate now what happens?
How long does it take in Ontario for a larger Estate versus a smaller Estate?
This describes the new
process in Ontario for small Estates.
He then discusses
how starting last October, Ontario began allowing
probate applications by email, and then Brandon summarizes the whole topic.
So I hope you can read
the entire blog down below, because I know you will find it informative.
The Ira Smith Team hopes that you and your
entire family remain safe, healthy and secure
during this COVID-19 pandemic. Ira Smith Trustee & Receiver Inc.
And Smith Estate Trustee Ontario, is fully operational.
Both Brandon Smith and myself are available to answer any questions you
might have about this Brandon's Blog or anything else at all.
We are holding all meetings by telephone
or video conference, so if you have any questions whatsoever, shoot us an email.
Give us a phone call.
We would love to hear from.