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
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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.
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