Valley First

Probate of the Will

Probate is the process by which the court confirms that a will is legally valid. A valid will defines who’ll assume control of the estate assets of the deceased, and designates an executor to make decisions on the estate’s behalf. Once the process is finished, a letter of probate is granted to the executor. The executor can then begin their duties of settling the financial affairs of the deceased and distributing the remaining assets.

The process generally takes several weeks to complete, but can sometimes take longer.

How much does probate cost in BC?

There are fees payable to the court for the probate process. Probate filing fees are dependent on the net worth of the estate and are calculated in BC as follows:

  • Estates under $25,000 – no fee.
  • Estates from $25,000 to $50,000 – basic fee of $208 plus $6 for each $1,000 up to $50,000.
  • Estates over $50,000 – basic fee of $358 plus $14 for each $1,000 of value over $50,000.

In most cases, you can pay these fees using funds from the deceased's account.

Helpful links


Do you need help with the probate process?

As executor, you can handle the probate process on your own, but it can be overwhelming so we’re here to help make things simpler for you. We offer services from Concentra Trust that can help. Stop by your nearest branch or contact us to find out more.

 

More on estate administration

Are you a surviving family member?

What is my role as an executor?

 

Talk to us

Whether you’re looking for more information, or you’d like to start planning your estate, you’ll find our contact information here.

 

We encourage you to visit one of our branches for more information on how Valley First can make things simple!


 

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