Oct 21, 2021
Who to Notify First After a Death
We’re here to help you navigate the days and months to come and take as much off your plate as possible.
When an individual dies in Saskatchewan, the probate court uses their will to distribute their assets accordingly. Assets with direct beneficiaries, like life insurance policies, usually skip the probate process. However, anything that doesn’t name direct beneficiaries has to go through probate.
We regularly share relevant information about wills and estates.
To start, the executor of the estate must apply for probate. Once the court approves a grant of probate, the probate process begins.
The executor must submit the will to the probate court. Once the will is validated and the executor is authorized to carry out their duties, they must find the decedent's assets and determine their value so they can determine the value of the estate. They'll notify people about the individual's death, then find the names and contact information of everyone listed in the will. They'll also notify the Public Trustee if the individual has any dependents entitled to part of the estate.
Next, the executor needs to file taxes and pay the necessary probate fees. The estate holder still has to file a tax return after they pass away, and it's the executor's job to file taxes on their behalf. They'll also have to pay any outstanding debt. Typically, the executor uses funds from the estate to pay these fees.
If the estate has outstanding debts, the executor notifies the creditors and tells them that they have to respond by a certain date. Any creditors who don't respond within the time frame have no claim over the estate. This can prevent creditors from taking legal action later.
Generally, probate can take several weeks to months to complete. Any beneficiaries should be prepared to wait several weeks before they get their assets.
Instead of hiring multiple professionals, you can work with ClearEstate to get access to a team of experts who will be there every step of the way as you navigate the probate process. We'll help you save money whenever possible so that the estate isn’t burdened with unnecessary fees. With three service tiers, you can choose the level of help that you need and wrap up probate as soon as possible.
Once you sign up, you'll get access to exclusive technology like the executor dashboard and asset inventories. You can access this technology anywhere so you'll always be on top of the probate process. Get in touch with us today to learn more about ClearEstate.