Surrey Lawyers: Advising On Probate And Estate Administration

Probate is the process of asking a court to declare that a will is legally valid. Probate is not always required. It depends on the type of asset and beneficiary. Once a will is declared valid, the named executor can administer the estate.

The process of applying for probate and administering an estate in British Columbia is detail-oriented and specific. Executors hold personal liability if they fail to meet their duty under the law. With the services of legal counsel, such as our probate lawyers at Peterson Stark Scott, you can ease the burden of estate administration and shield yourself from legal liability.

Probate Is Not Always Necessary

Certain financial institutions require probate before they will release financial assets. Often, this includes securities such as stocks and bonds. Assets that are held jointly, such as property in a joint tenancy or joint bank accounts, do not require probate to be transferred to the surviving owner. Upon consultation with Peterson Stark Scott, we can help you determine what legal procedures are necessary for you to pay the debts of the estate and distribute the remaining assets.

Estate administration is not as simple as gathering the estate assets and paying the deceased's debts. Executors and administrators must first locate and secure assets, actively advertise for creditors, and inform government bodies such as Revenue Canada and Canada Pension Plan about the passing. We will help you through all of these steps, including communication with potential heirs and beneficiaries.

Learn More

To learn more about our executor advisory services, contact our office in Surrey. Call 800-675-2419 or 604-634-2308 or reach us online to make an appointment.