Ranger West Financial Services Inc.

214-2571 Shaughnessy St.
Burnaby, BC Canada V3J 1N3
Telephone: 604-464-2712
Fax: 604-464-2715
Toll Free: 1-877-300-8095
Email: info@rwfinancial.com

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FEES PAYABLE AT DEATH
BRITISH COLUMBIA
In addition to income taxes at death, here are other fees that can deplete the assets in your estate.

Probate Fees
The value of your estate, which passes under your will, is subject to provincial probate fees. The scale is as follows:

(Fees as of February 1999.)

Value of Estate Probate fees payable

Less than $25,000 None

$25,000 - $50,000 $6 per $1,000 of estate value

$50,000 + $14 per $1,000 of estate value

Legal Fees
Legal Fees range from 1% to 2% depending upon the size of the estate. Keep in mind, the more work, the higher the fees.

Executor Fees
The executor, the person who carries out the instructions given in your will, is entitled to be paid. A professional executor is paid about 5% of the value of the estate under administration. Additional fees can be charged against the income of the estate if the estate must be held in trust for any length of time.

Funeral Expenses
Today, funeral costs range between $7,500 and $20,000.

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