What is the cost of NOT planning your estate? Use this form to get a rough estimate of the costs your estate will incur when the time comes for a trustee to step in and establish what your estate is worth and how it will be distributed. Click here for an example
This simple calculator makes 2 assumptions:
- The deceased was either single or a widow/widower.
- In the case of a widow/widower, at the time of their partner’s death, there was a tax-free rollover of assets to the survivor.
| A. Income Tax | Value | Tax | |
| RRSP / RRIF | $_________ | $_________ | |
| Non-registered capital assets | $_________ | $_________ | |
| Unreported interest income | $_________ | $_________ | |
| Unreported dividend income | $_________ | $_________ | |
| TOTAL | $_________ | $_________ | |
| B. Legal and Other Expenses | |||
| Funeral costs | $_________ | $_________ | |
| Court Fees | $_________ | $_________ | |
| Legal Fees | $_________ | $_________ | |
| Real estate commission | $_________ | $_________ | |
| Equity brokerage fees | $_________ | $_________ | |
| Trustee compensation | $_________ | $_________ | |
| TOTAL: A+B | $_________ | $_________ |