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Mom left behind a will for her kids to inherit her $700k estate after she passed away but kids still have to go through probate to get inheritance 💰 #singlemom #momlife #mother #momsoftiktok #fyp
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What is probate, and how do you avoid it? Probate is the court process that confirms a will and gives an executor the authority to deal with estate assets. In general, probate applies to assets that form part of your estate. Assets that pass directly to a beneficiary or surviving joint owner may, depending on the circumstances, bypass probate. Examples may include: • Life insurance with a named beneficiary • RRSPs, RRIFs, and TFSAs with designated beneficiaries • Certain assets owned jointly wit
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