Archive for March 17th, 2010
WHAT HAPPENS WHEN ONE OWNS PROPERTY IN ANOTHER PROV/STATE ?
A probate must be instituted not only in the prov/state where you live, but in every prov/state where you owned real estate. This is called ancillary probate.
Each prov/state, has probate jurisdiction of the real property within its borders.
What that means, is that your family will have to file a new probate in each area and hire local counsel to represent the estate.
Thusly, this will add expenses that must be paid before your family may receive it’s share !
With ever changing laws, one can see the importance of using a good legal professional in designing your estate .
Check to see if you have Type 2 diabetes on Tuesday March 23rd, the American Diabetes Risk Test day.
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