COMPASSIONATE SUPPORT THROUGH A DIFFICULT TIME
Guiding You Through Loss
Clear Action Plan
Practical, Empathetic Advice
At Burroughs Law, we’re dedicated to providing compassionate guidance, straightforward advice, and support when dealing with the loss of a loved one. Our team understands the emotional stress involved, and we pride ourselves on delivering comprehensive and practical assistance in a comfortable atmosphere.
Our goal is to make the estate administration process as smooth and orderly as possible, providing a written action plan to guide you through each step at the right time and pace. With our trusted legal advisors, you can feel confident that we have everything covered.
Estate Administration Expertise
We’ve helped countless clients through the estate administration process, including high-net-worth estates and complex family systems. Our lawyers draw on their depth of experience to ensure an efficient and streamlined administration while minimizing liabilities and future legal problems.
Whether you’re navigating estate issues for the first time or dealing with a larger, more complex estate, we’re here to support you. Our decades of experience in estate and trust administration enable us to help you through the legal challenges.
Services
Our services include obtaining court approvals, preparing accounts, identifying and valuing assets, assisting with the transfer of assets to the beneficiaries, and all other aspects of estate and trust administration.
QUESTIONS? JUST ASK!
We can help with:
Conducting a thorough search for the Will, assets, and creating a detailed inventory
Creating a comprehensive plan for administering the estate
Paying the estate’s liabilities and preparing the estate accounting for approval
Collaborating with the estate representative throughout the administration process
FAQ’s
Q: What does an executor do?
A: An executor is responsible for various financial tasks, such as probating the Will, identifying assets and liabilities, paying debts, filing taxes, and distributing assets to beneficiaries. Executors also handle non-financial duties, such as funeral arrangements, pet care, redirecting mail, and taking care of social media accounts.
Q: Can I get paid for being an executor?
A: Yes, executors can be paid for their time, effort, and responsibilities. In British Columbia, the maximum initial fee allowed is 5% of the estate’s value, along with an annual care and management fee of up to 0.4% if long-term administration is needed.
Q: What happens if there is no Will?
A: If someone dies without a valid Will, they are considered “intestate.” In such instances, the government has a formula for estate administration and distribution under the Wills, Estate, and Succession Act. There is a prioritized list of individuals who can apply to become the estate’s administrator, with priority given to spouses and adult children or their nominees.
PROVIDING THE SUPPORT YOU NEED
Reach out to Burroughs Law for compassionate, expert support as you navigate the difficult process of estate administration. We’re here to provide the guidance and reassurance you need during trying times.