BC has one of the highest probate fee structures in the country. Use our calculator to gain an accurate estimate of Probate tax owed by the estate.
Input the real estate and tangible personal property located in British Columbia, as well as the intangible property located anywhere in the world to get an estimation of the probate fees.
Do not remove any debts or loans from the estate total value.
Include property located anywhere if the deceased was a BC resident. If not, include only the property located in BC.
Set in place by British Columbia's PROBATE FEE ACT [SBC 1999] CHAPTER 4 - The probate fee is calculated based on the "gross value" of the estate. In simple terms, the gross value is the total value of all the assets (things of value like a house, car, money in bank accounts, etc.) that belonged to the deceased. Importantly, it doesn't include any debts or money owed by the deceased.
There are specific situations where no probate fee is required:
If, after the grant or resealing has been issued, the representative learns about an asset that wasn't previously reported or finds out that an asset was undervalued, they have a responsibility to report this to the court. The representative must then pay the government the difference in the probate fee that would have been due if the asset had been accurately disclosed or valued in the original Statement of Assets, Liabilities, and Distribution.
Navigating the complexities of probate fees and the estate settlement process in British Columbia can be daunting. The insights and knowledge of a seasoned expert are invaluable.
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