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ARTICLE · 06 APRIL 2026

A Simple Guide To Estates, Executors, And Probate

When someone you know passes away, there is more to manage than just the impact of their loss. There is a legal process that determines how their finances are handled...

CanadaFamily and Matrimonial

When someone you know passes away, there is more to manage than just the impact of their loss. There is a legal process that determines how their finances are handled, debts are paid, and inheritances are distributed. It can feel overwhelming if you're not familiar with the terminology or steps involved. This guide breaks down the fundamentals of estates in Ontario in way that is easy to understand.

What is an Estate?

An estate is everything a person owned (assets) and owed (liabilities) at the time of their death.

Example: Bob passes away. At the time of his death, he owned a house, a chequing account with $2,000, and a savings account with $40,000. He also owed $6,000 to CRA. All these together form Bob's "Estate."

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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