Estate planning in Oakville
Oakville is where the estate is usually large enough that the probate bill is a real number and small enough that nobody has a family office to work it out for them.
What an estate in Oakville is usually made of
Estates here tend to carry more than a house: a corporate account, a locked-in plan from an executive career, sometimes a property somewhere warmer. The pieces are individually well managed and collectively unplanned, which is a different problem from having nothing in place.
The office is in Mississauga, at 45 Kingsbridge Garden Circle, Suite 609, and the practice is licensed across Ontario. There is no branch office anywhere else and this page does not pretend otherwise: meetings happen at your table, on the phone or on video, and the number is (416) 937-0347 wherever you are.
Call (416) 937-0347
What probate would cost on a $2,000,000 estate here
Ontario charges estate administration tax at nothing on the first $50,000 and $15 on every $1,000, or part of $1,000, above it. Take $2,000,000, which in Oakville is often a house, registered accounts and an investment account.
$29,250 is payable before the estate is distributed, not out of it. When most of an estate is tied up in one asset, and here it usually is, that is money the family has to find before anything can be shared out. Making sure it is there is most of what the planning does.
- The estate$2,000,000
- Less the first $50,000, which is not taxed$1,950,000
- Divided into thousands, rounding a part up1,950
- At $15 each$29,250
Where that usually starts in Oakville
Asked in Oakville
Where does an Oakville estate get probated?
In Milton. Oakville is in Halton Region, and Halton's Superior Court of Justice sits in Milton, so that is where the application for a certificate of appointment is filed. People are often surprised by this one, because Oakville is the larger place.
Do you actually come out to Oakville, or is this a phone relationship?
Either, and it is your call. The office is in Mississauga, which is about twenty minutes up the QEW, so an in-person meeting in Oakville is straightforward. Plenty of clients prefer video for the review meetings and in person for the first one.
Ehsan Khandaker is a licensed financial and estate planner, CLU and CHS. He is not a lawyer and does not draft documents. This page is general information about Ontario rules, not guidance about your own situation, and a will is drawn up by a lawyer.
Every area he works inThe first conversation is twenty minutes, and it costs nothing wherever in Ontario you are.