In Canada, beneficiaries do not pay taxes on inherited money or assets; instead, the deceased’s estate settles any tax obligations before distributing assets to heirs. This approach ensures that all taxes are addressed upfront, relieving beneficiaries of potential financial burdens. No Direct Inheritance Tax Canada does not impose a direct inheritance tax. Beneficiaries receive their…
Avoid challenges to your will: learn what to know about the need for testamentary capacity when writing a will in British Columbia.
Hiring a probate lawyer can help you get through the probate process efficiently and stress-free. Contact Munro & Crawford for help today!
Here are the basics you should know about what happens to your debt after you die. Who is Responsible for Paying off My Debt? Many people are concerned about passing their debt onto their family, but this is generally not what happens. If you die with debt, and there is proof of that debt, then…
Writing Wills as a Couple: What You Need to Know Common Law Relationships & Wills Having a will is important for every couple, but this is especially true if you are in a common-law relationship. If you die without a will, you may end up leaving your common-law spouse with no claim to your assets….
