11 Jun How Much Are Probate Fees?
When someone passes away in BC, typically their assets cannot be dealt with until a grant of probate is obtained (check out our prior blog post: What is Probate?).
When the executor (or “administrator” when the deceased does not have a will) of the estate applies for a grant of probate, the probate registry will review the application and provide the executor with a statement advising the amount of probate fees payable by the estate. The probate fees must be paid prior to the registry issuing a grant of probate.
Probate fees are scaled and are applied in accordance with the Probate Fee Act as follows:
- No probate fees are payable where the value of the estate is less than $25,000.00;
- $6.00 for every $1,000.00 or part of $1,000.00 by which the value of the estate exceeds $25,000.00 but is not more than $50,000.00; plus
- $14.00 for every $1,000.00 or part of $1,000.00 by which the estate exceeds $50,000.00.
An easy rule of thumb for determining probates fees is that probate fees are approximately 1.4% of the value of the estate.
At Sitka Law Group we not only act as legal counsel for executors of estates but we also act as executors for estates. If you would like Victoria Lawyers, Sitka Law Group to assist please do not hesitate to call. We are happy to take as large or small of a role as is necessary and convenient for you. If you have any questions regarding an estate located anywhere in BC please don’t hesitate to contact Sitka Law Group. We are located in Victoria, BC, near the border of Saanich and Oak Bay.