Estate settlement

We are there to accompany you all through your life and your loved ones after your passing. In their quality of notary, we are equipped to accompany you in your difficult moments.

What is estate settlement? It’s the sum of all of the steps, judicial, fiscal and otherwise, required to transfer to your heirs your estate.

STEP ONE – POSITIONING THE ESTATE

In Québec, the process requires a mandatory will research with the registrars that are administered by the Chambre des notaires and the Bar of Québec. This step helps you determine if a will has been registered.

In the case that a will has been drawn up with a notary, it is possible to start the process of settling the estate much quicker.

In the event that a will has been drawn up before witnesses or by hand, the notary is your partner for the validation of the document through a judicial verification of the will. We have developed an expertise in multi-province settlements. How often do Ontarians have a cottage in Québec? This requires a specific expertise which we are proud to offer to you.

In the last possibility, the absence of all will, the notary will be your ideal legal counselor to determine what the law establishes in your specific family portrait. A declaration of heredity is a document that proves useful and necessary in most cases.

According to the realities of the estate, namely the presence of a will and the form in which it was written, you will be able to determine with your notary the process required and the rules applicable to the estate.

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STEP TWO – SETTLING THE ESTATE

Once the rules of the estate are established, a liquidator or estate trustee will be able to proceed with a multitude of tasks and procedures that are required to transfer the estate to its heirs.

Unfortunately, estate settlement is not a cookie cutter process. Indeed, the steps vary according to the nature of the will and the assets of the estate.

The notary will be able to assist you in establishing the list of steps needed. The notary is the perfect partner for the liquidator to ensure that all of steps necessary for his protection are well done.

READING OF THE WILL

The notary in his role of neutral legal advisor is an ideal partner to ensure that the estate settlement is done in a harmonious environment. Indeed, who better than a notary to explain the rules of estate settlement and a will to the heirs. In the course of the reading of the will the heirs and liquidator, a notary is the perfect source of knowledge.

INVENTAIRE

The notary in his role of neutral legal advisor is an ideal partner to ensure that the estate settlement is done in a harmonious environment. Indeed, who better than a notary to explain the rules of estate settlement and a will to the heirs. In the course of the reading of the will the heirs and liquidator, a notary is the perfect source of knowledge.

INVENTORY

The preliminary steps of the estate settlement usually culminate with the drawing up of an inventory of the estate for the heirs. What is an inventory? An inventory is a step that is crucial for the protection of the heirs and of the liquidator, for it is at this step the determination of the solvability of the estate is determined. A notary is there to assist the liquidator in establishing the consequences and the options of administration of an estate that is in deficit as well as the consequences for the heirs. Namely accepting or renouncing to the estate.

TO ACCEPT OR TO REFUSE, THAT IS THE QUESTION…

The acceptation of the estate can be heavy in consequences. It determines the maximum amount for which we will be held responsible for the debts of the deceased. The notary will assist you in drafting document to limit your responsibility. The expertise of the notary can protect you from financial difficulties and maintain certain assets such as a pension fund even if the estate is in debt.

RENDERING OF ACCOUNTS

The notary is also your ideal partner for the final process of the estate settlement which is the rendering of accounts. A well-drawn up rendering of accounts protects the liquidator and puts an end to his responsibility concerning the estate. It is also a way of ending the estate settlement with the heirs in a harmonious way.

YOUR PARTNER

When solving an estate, think of us! Our professional services are accomplished with a human touch and a practical perspective that will help you sail through the steps of settling an estate with respect for the deceased and the people left behind.

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