Originally Posted by
rx7boi
Thanks fellas. I will pass it on to my sister in-law since she's the only one out of the three of them (herself, uncle in-law, and widowed mother-in law) who doesn't get what the fuss is all about.
If the fee structure is typical, I imagine she'll just pay it and have it all taken care of unless the MIL really pushes for a second opinion.
All of this stuff really makes me think about what I'll leave my kids when I pass and also the fact that my parents don't have wills either. My dad is super avoidant with this kind of shit.
Could someone explain what is typically required to have assets transferred over? My understanding is that at this point they just need to make the will probate which will then give the executor the authority to finish paying off any remaining debts (including lawyer fees), some income tax stuff, and then divide remaining assets up to beneficiaries as per the will. So process-wise, it's just a matter of submitting the paperwork to probate the will?
When my FIL passed away last week, they already spent several days calling to transfer accounts like Enmax over and called his banks to freeze the accounts.