Wills and Estates: Secure Your Legacy with Expert Estate Planning

WILLS AND ESTATES

A professionally drafted will preserves your wishes, continues your legacy, and provides your family with peace of mind during life’s unpredictable moments. At Clark Woods LLP, we understand the significance of a well-crafted will, and we are here to guide you through the process, ensuring your intentions are honoured and your desires are fulfilled.

Why you should have a will

• Preserve Your Legacy: A will safeguards your assets and ensures your hard-earned wealth is transferred according to your wishes.
• Protect Your Loved Ones: With a will, you can appoint a guardian for your minor children and make provisions for aging parents or other loved ones who rely on your support.
• Minimize Conflict: A clear and legally binding will reduces emotional family disputes by providing your loved ones with a road map for the smooth transition of your estate.
• Choose an Executor: By appointing an executor in your will, you can ensure someone you trust is overseeing the distribution of your assets.
• Tax Efficiency: Consulting with an expert team can help you develop strategies to maximize tax efficiency and protect your wealth for future generations.

Wondering how much you may have to pay in probate fees?

In British Columbia, understanding how probate fees work is crucial for anyone involved in estate planning and administration.

What you pay

• No Probate Fee for Estates Valued up to $25,000: If the estate’s value falls below $25,000, you won’t be subject to any probate fees.
• Estates Valued between $25,000 and $50,000: 0.6% fee.
• Estates Valued over $50,000: 1.4% fee.
• Additional $200 Court Application Fee: Estates with a gross value exceeding $25,000 are subject to an additional $200 court application fee.

Find out what you owe with the Clark Woods LLP probate fee calculator.