If you’re going through probate—or if you’ve just been named an estate executor and know that the probate process is coming up in your immediate future—you’ve probably noticed that a huge part of the job includes listing, categorizing, and appraising the assets that make up the estate.
We regularly share relevant information about wills and estates.
However, not all assets are created equal, and not all of them need to be probated. In British Columbia, the following assets need to go through probate:
An estate executor in British Columbia will need to list the value of the following assets and submit them to the probate court:
Assets that are jointly held—meaning that 100% of that asset goes to the surviving holder once the primary passes away—don’t need to go through probate. Neither do assets that are held in a living trust, or insurance policies with named beneficiaries.
Join the 10,000+ executors who have downloaded our blueprint to probate
Use our 12-step blueprint to probate, avoid settlement delays, and settle estates sooner.
Download yours for free!Related articles
Estate Settlement
Oct 24, 2022
Selling a car belonging to someone who is deceased can be tricky, in this post we outline how an executor will sell a car belonging to the deceased.
Estate Settlement
Oct 24, 2022
Settling an estate can get expensive pretty quickly. Here’s what you need to know about tax-deductible estate expenses.
Estate Settlement
Oct 20, 2022
An executor plays a pivotal role in the estate settlement process. When they die before the testator or while probate is ongoing, the settlement process can be delayed.