Skip to main content

Certified Financial Planner (CFP) Practice Exam · Question

Mr. Chen, a resident of Quebec, passes away with an estate valued at $750,000. Under Quebec law, what are the approximate 'probate' fees (or judicial fees) for validating his will?

In Quebec, the process of 'probate' is different and typically involves 'verification of the will'. Fees for verifying a will by a notary or in Superior Court a

Start free practice for Certified Financial Planner (CFP) Practice Exam

444 questions · no signup required · 40 free questions per day

Start Practice →

Question: Mr. Chen, a resident of Quebec, passes away with an estate valued at $750,000. Under Quebec law, what are the approximate 'probate' fees (or judicial fees) for validating his will?

Answer options: ✅ Approximately $750

  • Approximately $1,800
  • Approximately $15,000
  • Approximately $10,000

Correct answer: Approximately $750

Explanation: In Quebec, the process of 'probate' is different and typically involves 'verification of the will'. Fees for verifying a will by a notary or in Superior Court are usually fixed and much lower than in other provinces, often around $500 - $1000 for standard wills, regardless of estate size. For a non-notarial will, there are court fees but they are not a percentage of the estate value as in common law provinces, thus $750 is plausible.

Start free practice for Certified Financial Planner (CFP) Practice Exam

444 questions · no signup required · 40 free questions per day

Start Practice →

More about Certified Financial Planner (CFP) Practice Exam

Related Questions

More for Certified Financial Planner (CFP) Practice Exam candidates

Ready to practice?

Free, no signup required. Build a wrong-question list as you go.

Start Free Certified Financial Planner (CFP) Practice Exam Practice →

Related courses

Other Canadian certifications candidates often prepare for alongside this one.