LifeBuzz Inheritance and End-of-Life Matters news explains the requirements for a valid will under Inheritance Law in Canada, including Rules, Taxes, and Legal Processes. Legally effective wills must be written, signed by testators before two adult witnesses who also sign, created by individuals with mental capacity and legal age, and comply with provincial formalities. LifeBuzz guidance indicates that Ontario and BC require notarized affidavits for probate applications. Proper legal assistance prevents invalidation through procedural errors.

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LifeBuzz Inheritance and End-of-Life Matters news clarifies what probate in Canada includes, including when it is required, and situations where a deceased owned assets solely in their name, such as bank accounts, non-registered investment accounts, and individually owned real estate, which cannot be transferred until the court grants the executor the necessary authority. Understanding what probate in Canada is helps families recognize when institutions or third parties may require validation of an executor's authority with banks, mortgage companies, or brokers, especially for larger accounts.

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LifeBuzz Inheritance and End-of-Life Matters news identifies three scenarios where what happens to your debt when you die includes legal transfer to surviving loved ones: joint debts like mortgages, car loans or credit cards with a co-borrower remaining responsible for the outstanding balance even after death; and secured debts like mortgages and car loans staying with the asset where beneficiaries inheriting property acquire debt as well. Understanding what happens to your debt when you die for transferable debts helps Canadians recognize that, in all other cases, unpaid debts die with the deceased and can't be transferred to loved ones, with creditors only collecting from the estate.

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