Comments on: Probate Fees by Province http://www.milliondollarjourney.com/probate-fees-by-province.htm Building Wealth through Saving and Investing Thu, 18 Mar 2010 19:51:02 -0400 http://wordpress.org/?v=abc hourly 1 By: Do You Plan to Leave Anything Behind? | Million Dollar Journey http://www.milliondollarjourney.com/probate-fees-by-province.htm/comment-page-1#comment-78852 Do You Plan to Leave Anything Behind? | Million Dollar Journey Wed, 22 Apr 2009 10:30:37 +0000 http://www.milliondollarjourney.com/probate-fees-by-province.htm#comment-78852 [...] also another benefit of gifting cash to your kids while you are still alive, you get to avoid probate fees.  When you gift cash to your adult kids, the transfer is completely tax free.  However, if you [...]

[...] also another benefit of gifting cash to your kids while you are still alive, you get to avoid probate fees.  When you gift cash to your adult kids, the transfer is completely tax free.  However, if you [...]

]]> By: Why You Need a Will and The Basics of Estate Planning | Million Dollar Journey http://www.milliondollarjourney.com/probate-fees-by-province.htm/comment-page-1#comment-48018 Why You Need a Will and The Basics of Estate Planning | Million Dollar Journey Wed, 13 Aug 2008 10:38:52 +0000 http://www.milliondollarjourney.com/probate-fees-by-province.htm#comment-48018 [...] account will transfer to your spouse tax free. Otherwise, the account will go to the estate where probate fees along with income taxes will have to be paid before distribution to family [...]

[...] account will transfer to your spouse tax free. Otherwise, the account will go to the estate where probate fees along with income taxes will have to be paid before distribution to family [...]

]]> By: Cross the River http://www.milliondollarjourney.com/probate-fees-by-province.htm/comment-page-1#comment-19703 Cross the River Wed, 12 Dec 2007 00:47:05 +0000 http://www.milliondollarjourney.com/probate-fees-by-province.htm#comment-19703 I just read this post and I got stuck on the Quebec "death tax". It's funny because it's true. CtR I just read this post and I got stuck on the Quebec “death tax”.

It’s funny because it’s true.

CtR

]]> By: FrugalTrader http://www.milliondollarjourney.com/probate-fees-by-province.htm/comment-page-1#comment-10921 FrugalTrader Fri, 24 Aug 2007 18:32:15 +0000 http://www.milliondollarjourney.com/probate-fees-by-province.htm#comment-10921 Yea, it's crazy the discrepancy between provinces. It really doesn't pay to die wealthy in some of these provinces. Nobleea, that's a great idea about trusts in Canada. I'll get an article together. Yea, it’s crazy the discrepancy between provinces. It really doesn’t pay to die wealthy in some of these provinces.

Nobleea, that’s a great idea about trusts in Canada. I’ll get an article together.

]]> By: nobleea http://www.milliondollarjourney.com/probate-fees-by-province.htm/comment-page-1#comment-10917 nobleea Fri, 24 Aug 2007 14:33:29 +0000 http://www.milliondollarjourney.com/probate-fees-by-province.htm#comment-10917 AB and Yukon are cheap too. ON is not pleasant. a 1$million estate would cost $14,500 in probate fees. For probate fees under say 6-7K, is it really worth going to all the work to try and avoid it? I mean, that's a tax of less than 1%. If you're setting up a trust for other reasons, I think probate fees can be avoided on the money in the trusts (but trusts are not cheap to setup either!). Are any of the readers here quasi experts on trusts? That would be a nice guest topic. i know there are several diff types of trusts. AB and Yukon are cheap too. ON is not pleasant. a 1$million estate would cost $14,500 in probate fees. For probate fees under say 6-7K, is it really worth going to all the work to try and avoid it? I mean, that’s a tax of less than 1%.
If you’re setting up a trust for other reasons, I think probate fees can be avoided on the money in the trusts (but trusts are not cheap to setup either!).

Are any of the readers here quasi experts on trusts? That would be a nice guest topic. i know there are several diff types of trusts.

]]> By: The Financial Blogger http://www.milliondollarjourney.com/probate-fees-by-province.htm/comment-page-1#comment-10905 The Financial Blogger Fri, 24 Aug 2007 09:13:13 +0000 http://www.milliondollarjourney.com/probate-fees-by-province.htm#comment-10905 It is incredible to see how the Government find ways to tax us even more when you are dead! The best way to minimize probate fees is to die in Quebec or North West Territories ;-) It is incredible to see how the Government find ways to tax us even more when you are dead!
The best way to minimize probate fees is to die in Quebec or North West Territories ;-)

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