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Carrying Out Final Wishes

June 2016 Archives

What is an estate freeze and how do you manage it?

Some estate administrators in British Columbia might have to deal with an estate freeze. The term refers to the transfer of business assets while the business owner is still alive to the intended heirs for the purposes of business continuity. At the same time, the individual is given valued shares of the business locked-in at today's worth, which has favorable tax implications.

Determine which assets must be included in probate

If you are named as administrator of an estate, there may be some assets that fall out of the breadth and scope of the probate process. These non-probate assets must be dealt with separately as the rest of the decedent's estate goes through the probate process.

Marie-Louise Fast Marie-Louise Fast Lawyer & Notary Lawyer Profile

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