From the Source with Frankie and Sarah

Estate Distribution and Probate Planning: What You Need to Know (Ep. 7)

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How can you ensure your beneficiaries are getting what you expect them to?

Frankie and Sarah discuss various aspects of probate and estate planning in this episode of From the Source. Listen as they explain probate fees, exemptions, and assets that can pass outside of the estate while stressing the need to understand asset ownership and distribution to determine what is subject to probate. Frankie and Sarah also talk about probate planning, issues with multiple property owners, and the potential tax liabilities that can arise. 

Gain insight as Frankie and Sarah discuss: 

  • What probate is and how the probate fee is calculated in Ontario
  • How assets pass through an estate versus outside of an estate
  • The three main pitfalls of probate planning 
  • What executor compensation is and how it’s calculated
  • The impact of probate planning on asset distribution

    • Resources:

    • Why You Should Plan For Your Estate Taxes (Ep. 6)
    • Practitioner’s Income Tax Act 2023, 63rd Edition

      • Connect with Frankie Loreto and Sarah Netley: 

      • Courtice.BakerTilly.ca
      • LinkedIn: Baker Tilly Canada
      • LinkedIn: Frankie Loreto
      • LinkedIn: Sarah Netley
      • Call: (905) 579-5659

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        From the Source with Frankie and SarahBy Frankie Loreto, Sarah Netley