Account Types
Accounts overview Chequing Savings Youth and Student U.S. Dollar Explore all offersBanking For
Newcomers Youth & Parents Students International Students Post GradsServices
Overdraft Protection TD Global Transfer TD Access Card TD Mobile Deposit Fraud PreventionTD New to Chequing Offer
Get up to $750 in value starting with an eligible TD Chequing Account. Conditions apply.
TD New to Canada Banking Package
Earn up to $1,790 in value when you bank with TD as a Newcomer. Conditions apply.
Credit Cards Go Back Credit Cards CloseCard Types
Explore all credit cards Explore promotions and offers TD Travel Rewards Cash Back Aeroplan No Annual Fee Low Rate U.S. Dollar BusinessCredit Cards For
Students Post grads New to CanadaExisting Cardholder Services
Get the most out of my credit card Getting started with your TD Credit Card TD Rewards Program Mobile wallet Check your credit scoreLearning Resources
Basics of Credit Cards Introduction to Credit Card Points Basics of Business Credit Cards Building your credit Learn moreFeatured offer
TD® Aeroplan® Visa Infinite* Card
Up to $1,350 in value including up to 40,000 Aeroplan points could be yours and receive an Annual Fee rebate for the first year. Conditions Apply.
Featured offer
TD First Class Travel® Visa Infinite* Card
Earn up to $1,300 in value, including up to 146,000 TD Rewards Points and receive an Annual Fee rebate for the first year. Conditions Apply.
Mortgages Go Back Mortgages CloseMortgages
Explore all mortgage options Today's mortgage rates TD Home Equity FlexLine (HELOC) Flexible mortgage payment features Mortgage offers TD Mortgage ProtectionWhat’s Next For You?
Buy my first home Buy my next property Renew my mortgage Refinance my mortgage Move my mortgage to TD Newcomer to CanadaTools and Resources
Explore all mortgage tools and calculators Mortgage Payment Calculator Mortgage Affordability Calculator Mortgage Pre-approval Connect with a specialistTD Mortgage Direct
Answer a few questions and we'll call you to match you with a TD Mortgage Specialist.
With a new TD mortgage, get up to $5,100 cashback.
Offer expires August 31, 2026. Conditions apply.
Loans/Lines of Credit Go Back Loans/Lines of Credit CloseLoans and Lines of Credit
Explore Personal Loan RSP Loan Vehicle Loan Personal Line of Credit Home Equity Line of CreditStudent Borrowing
Explore Student Line of Credit Professional Student Line of Credit Healthcare Student Line of CreditTools and Resources
Help me choose Check your credit score Loan vs Line of Credit Calculator Help me manage debtBorrowing Advice
Get helpful insights and tips on how to borrow wisely, manage your payments and make informed financial decisions.
Student Advice
Get expert advice on things like building a student budget and other important financial topics.
Know more about student borrowing
Credit Application Guide
This step-by-step guide will help you understand the credit application process.
Personal Investing Go Back Personal Investing CloseRegistered Accounts & Plans
Personal Investing Overview Explore promotions and offers Tax Free Savings Account (TFSA) Registered Retirement Savings Plan (RRSP) First Home Savings Account (FHSA) Registered Education Savings Plan (RESP) Registered Retirement Income Fund (RRIF) Registered Disability Savings Plan (RDSP)Investing Products
Explore all products GICs Mutual Funds Precious Metals Other ways to invest Trade and invest yourself with TD Direct Investing Invest with a TD Wealth AdvisorTools and Resources
Compound Interest Calculator TFSA Calculator RRSP Calculator GIC Selector Tool RESP Calculator Net Worth Calculator TD Goal Builder Personal Cash Flow CalculatorInvestor Education
Find an investing article that will help you invest with confidence and make financial decisions.
Insurance Go Back Insurance CloseCredit Protection Plans
Explore all protection plans TD Mortgage Protection TD Line of Credit Protection TD Loan Protection TD Credit Card Payment Protection Plan Business Credit ProtectionTravel Insurance Plans
Explore all travel insurance Single Trip Plan Annual Trip Plan Trip Cancellation & Trip Interruption Insurance Top-up or ExtensionTools and Resources
TD Protection Plans Assessment Tool Credit Card Travel Insurance Verification ToolFile a TD Protection Plans claim
We’re ready to guide you every step of the way.
Learn more about filing a claim
Travel Insurance Claims Centre
We’re here to help get you through your travel insurance claims. Visit our online claims portal to start or to check the status of a submitted claim.
Advice Go Back Advice CloseFinancial Tips and Insights
Advice Hub Student & Youth Learning Centre Newcomer Learning Centre Seniors banking Estate planning and support Fraud preventionResources
Registrations and passwords TD app tutorials EasyWeb tutorials Bill payment and transfers TD MySpend How to switch to TD TD Calculators and ToolsWays to Bank
TD app EasyWeb Ways to pay Ways to send money Phone, Branch and ATM Cross-border banking Foreign exchange servicesNeed help finding the right TD products?
Just answer a few questions and we can better help direct you to achieving your goals.
Understanding interest rates
Read on to know more about interest rates and how they can affect your investments.
OpenLogin
My Accounts Logout TD: Personal Personal Selected Small Business Commercial Investing TD Asset Management About TD Accounts Go Back Accounts CloseAccount Types
Accounts overview Chequing Savings Youth and Student U.S. Dollar Explore all offersBanking For
Newcomers Youth & Parents Students International Students Post GradsServices
Overdraft Protection TD Global Transfer TD Access Card TD Mobile Deposit Fraud PreventionTD New to Chequing Offer
Get up to $750 in value starting with an eligible TD Chequing Account. Conditions apply.
TD New to Canada Banking Package
Earn up to $1,790 in value when you bank with TD as a Newcomer. Conditions apply.
Credit Cards Go Back Credit Cards CloseCard Types
Explore all credit cards Explore promotions and offers TD Travel Rewards Cash Back Aeroplan No Annual Fee Low Rate U.S. Dollar BusinessCredit Cards For
Students Post grads New to CanadaExisting Cardholder Services
Get the most out of my credit card Getting started with your TD Credit Card TD Rewards Program Mobile wallet Check your credit scoreLearning Resources
Basics of Credit Cards Introduction to Credit Card Points Basics of Business Credit Cards Building your credit Learn moreFeatured offer
TD® Aeroplan® Visa Infinite* Card
Up to $1,350 in value including up to 40,000 Aeroplan points could be yours and receive an Annual Fee rebate for the first year. Conditions Apply.
Featured offer
TD First Class Travel® Visa Infinite* Card
Earn up to $1,300 in value, including up to 146,000 TD Rewards Points and receive an Annual Fee rebate for the first year. Conditions Apply.
Mortgages Go Back Mortgages CloseMortgages
Explore all mortgage options Today's mortgage rates TD Home Equity FlexLine (HELOC) Flexible mortgage payment features Mortgage offers TD Mortgage ProtectionWhat’s Next For You?
Buy my first home Buy my next property Renew my mortgage Refinance my mortgage Move my mortgage to TD Newcomer to CanadaTools and Resources
Explore all mortgage tools and calculators Mortgage Payment Calculator Mortgage Affordability Calculator Mortgage Pre-approval Connect with a specialistTD Mortgage Direct
Answer a few questions and we'll call you to match you with a TD Mortgage Specialist.
With a new TD mortgage, get up to $5,100 cashback.
Offer expires August 31, 2026. Conditions apply.
Loans/Lines of Credit Go Back Loans/Lines of Credit CloseLoans and Lines of Credit
Explore Personal Loan RSP Loan Vehicle Loan Personal Line of Credit Home Equity Line of CreditStudent Borrowing
Explore Student Line of Credit Professional Student Line of Credit Healthcare Student Line of CreditTools and Resources
Help me choose Check your credit score Loan vs Line of Credit Calculator Help me manage debtBorrowing Advice
Get helpful insights and tips on how to borrow wisely, manage your payments and make informed financial decisions.
Student Advice
Get expert advice on things like building a student budget and other important financial topics.
Know more about student borrowing
Credit Application Guide
This step-by-step guide will help you understand the credit application process.
Personal Investing Go Back Personal Investing CloseRegistered Accounts & Plans
Personal Investing Overview Explore promotions and offers Tax Free Savings Account (TFSA) Registered Retirement Savings Plan (RRSP) First Home Savings Account (FHSA) Registered Education Savings Plan (RESP) Registered Retirement Income Fund (RRIF) Registered Disability Savings Plan (RDSP)Investing Products
Explore all products GICs Mutual Funds Precious Metals Other ways to invest Trade and invest yourself with TD Direct Investing Invest with a TD Wealth AdvisorTools and Resources
Compound Interest Calculator TFSA Calculator RRSP Calculator GIC Selector Tool RESP Calculator Net Worth Calculator TD Goal Builder Personal Cash Flow CalculatorInvestor Education
Find an investing article that will help you invest with confidence and make financial decisions.
Insurance Go Back Insurance CloseCredit Protection Plans
Explore all protection plans TD Mortgage Protection TD Line of Credit Protection TD Loan Protection TD Credit Card Payment Protection Plan Business Credit ProtectionTravel Insurance Plans
Explore all travel insurance Single Trip Plan Annual Trip Plan Trip Cancellation & Trip Interruption Insurance Top-up or ExtensionTools and Resources
TD Protection Plans Assessment Tool Credit Card Travel Insurance Verification ToolFile a TD Protection Plans claim
We’re ready to guide you every step of the way.
Learn more about filing a claim
Travel Insurance Claims Centre
We’re here to help get you through your travel insurance claims. Visit our online claims portal to start or to check the status of a submitted claim.
Advice Go Back Advice CloseFinancial Tips and Insights
Advice Hub Student & Youth Learning Centre Newcomer Learning Centre Seniors banking Estate planning and support Fraud preventionResources
Registrations and passwords TD app tutorials EasyWeb tutorials Bill payment and transfers TD MySpend How to switch to TD TD Calculators and ToolsWays to Bank
TD app EasyWeb Ways to pay Ways to send money Phone, Branch and ATM Cross-border banking Foreign exchange servicesNeed help finding the right TD products?
Just answer a few questions and we can better help direct you to achieving your goals.
Understanding interest rates
Read on to know more about interest rates and how they can affect your investments.
Find Us Help Country: Canada Canada Selected country United States Language: English English Select language Français 简体中文 繁體中文Login
EasyWeb WebBroker U.S. Banking My Accounts My Accounts Logout Online Services EasyWeb WebBroker U.S. Banking Providing you with Estate support\r\n"}}" id="text-a359cfc76c" class="cmp-text">Providing you with Estate support
Meet with us to discuss planning your Estate or settling an Estate.\r\n"}}" id="text-a0e29a43f0" class="cmp-text">Meet with us to discuss planning your Estate or settling an Estate.
Book an appointment Estate planning and Estate settlement advice Whether you are creating your own Estate plan or settling an Estate for a loved one, we understand the process can feel overwhelming. We’re here to help.\r\nWe've laid out two distinct paths below to guide you through the key steps of each scenario to help make the process more clear and less stressful.
\r\n
Whether you are creating your own Estate plan or settling an Estate for a loved one, we understand the process can feel overwhelming. We’re here to help.
We've laid out two distinct paths below to guide you through the key steps of each scenario to help make the process more clear and less stressful.
\r\n\r\n\r\nProviding clarity to your loved ones regarding your wishes\r\nNaming the guardian of your choosing for your dependents\r\nControl how and where your assets are distributed\r\nPotential to protect the value of your assets from taxes\r\n\r\n
In the absence of an Estate plan, all the above decisions will be decided by others and may not align with your goals and wishes.
\r\n
We have a team of Tax and Estate Planning professionals available through TD Wealth who are focused on helping to make sure that your intentions are properly reflected in your documents.
\r\n"}}" id="text-b97914f64e" class="cmp-text">Setting up your Estate plan can help provide peace of mind for you and your family. The benefits include:
In the absence of an Estate plan, all the above decisions will be decided by others and may not align with your goals and wishes.
We have a team of Tax and Estate Planning professionals available through TD Wealth who are focused on helping to make sure that your intentions are properly reflected in your documents.
How to approach preparing your Estate plan We recognize that your needs and assets are unique. To help make this process easier, we've outlined some steps to consider when you're ready to create your Estate plan.\r\n"}}" id="text-c7fb0259d0" class="cmp-text">We recognize that your needs and assets are unique. To help make this process easier, we've outlined some steps to consider when you're ready to create your Estate plan.
Step 1: Get organizedAn important first step is gathering key documents. These may include but are not limited to bank and pension statements, real estate documents, insurance policies, and tax returns. These documents will help identify assets you own and confirm which may have designated beneficiaries such as your registered investments.
Step 2: Create your planBased on your needs, TD can recommend different options to assist you in this process. You may choose to seek guidance from legal and tax professionals to ensure your plan is comprehensive. Your Will, the legal document that puts your plan into effect, can be created once you have discussed your wishes and documented your goals.
Step 3: Review your planRemember to review and update your plan periodically. Whether you meet a major life milestone, such as the birth of a child, a change in your marital status, or simply some time has passed, it is important to review your Estate plan to ensure it still meets your goals and wishes.
For more information on what is involved in an Estate plan, as well as a checklist to help you get started, please refer to Passing on your Wealth (PDF).\r\n"}}" id="text-9ec1633a2d" class="cmp-text">For more information on what is involved in an Estate plan, as well as a checklist to help you get started, please refer to Passing on your Wealth (PDF).
Key terms to know during Estate planningWill
A legal document that outlines a person’s wishes for the distribution of their Estate upon death.
Power of Attorney
A legal document that allows you to appoint another individual to manage your financial affairs.
Estate Plan
An individual’s strategy for the disposition and administration of their property at their death, incapacity or total disability.
Beneficiary
A person who inherits all or part of the money or property from someone who has died. They can be named on certain assets directly or through your Will.
Estate Related Taxes
Taxes on the Estate may be owed prior to the distribution of assets. Having an Estate plan may help lower the total amount of taxes owed by the Estate.
Next of Kin
Next of Kin is the closest related family member(s) of the deceased, which can include a spouse, a civil partner, and any children.
For more information, refer to our full Glossary of Estate Planning & Settlement Terms.\r\n"}}" id="text-d107553469" class="cmp-text">For more information, refer to our full Glossary of Estate Planning & Settlement Terms.
Frequently asked questions Do I need an Estate plan? An Estate plan is essential for Canadians. It may protect beneficiaries, ensure guardianship of minors, lower the tax burden on your Estate and remove complexity for your loved ones.\r\n"}}" id="text-009717d1ab" class="cmp-text">An Estate plan is essential for Canadians. It may protect beneficiaries, ensure guardianship of minors, lower the tax burden on your Estate and remove complexity for your loved ones.
Who is responsible for paying taxes for the Estate? All taxes are paid from the deceased’s Estate. Generally speaking, the Estate is responsible for all debt and fees associated with settling the Estate. Executors should engage a tax consultant prior to assets being distributed to beneficiaries.\r\n"}}" id="text-b62ed637f2" class="cmp-text">All taxes are paid from the deceased’s Estate. Generally speaking, the Estate is responsible for all debt and fees associated with settling the Estate. Executors should engage a tax consultant prior to assets being distributed to beneficiaries.
What needs to be in a Will? A Will outlines one's assets and property, and how they are to be distributed to each beneficiary. It may also include the testators wishes, location of property, direction of guardianship for minors, and more.\r\n"}}" id="text-2930e1e1e6" class="cmp-text">A Will outlines one's assets and property, and how they are to be distributed to each beneficiary. It may also include the testators wishes, location of property, direction of guardianship for minors, and more.
Is Estate planning the same as a Will? An Estate plan may include a Will. A Will is one part of the Estate plan for purposes of providing clarity to your executor and property disposition.\r\n"}}" id="text-2cf77d991b" class="cmp-text">An Estate plan may include a Will. A Will is one part of the Estate plan for purposes of providing clarity to your executor and property disposition.
What should I consider when appointing an Executor? An Executor is a person or estate professional (trust company) appointed in your Will to administer your Estate after your death. When choosing your Executor it should be someone capable of handling the complexities of settling an Estate, has the availability to carry out the duties, and could manage potentially difficult conversations with beneficiaries.\r\n"}}" id="text-caeca4f75b" class="cmp-text">An Executor is a person or estate professional (trust company) appointed in your Will to administer your Estate after your death. When choosing your Executor it should be someone capable of handling the complexities of settling an Estate, has the availability to carry out the duties, and could manage potentially difficult conversations with beneficiaries.
What happens to my RRSP when I die? The value of your RRSP is paid to the beneficiary you have designated. If you have not designated a beneficiary, it is paid to your Estate. In certain cases, including if your beneficiary is your surviving spouse or common-law partner, your RRSP may be transferred to them on a tax-deferred basis. You should consult your District Taxation Office or legal and tax advisors for more specific information.\r\n"}}" id="text-afbba5d416" class="cmp-text">The value of your RRSP is paid to the beneficiary you have designated. If you have not designated a beneficiary, it is paid to your Estate. In certain cases, including if your beneficiary is your surviving spouse or common-law partner, your RRSP may be transferred to them on a tax-deferred basis. You should consult your District Taxation Office or legal and tax advisors for more specific information.
Articles and tips to help you get started Passing on your wealthReview nine practical steps to start making your Estate plan.
Reasons why you shouldn't put off writing a WillWant to dictate the fate of your assets? Read why you shouldn't put off writing a Will.
Things to consider if you are expecting an inheritanceGetting an inheritance? Don't be caught off guard. Find out how you can prepare for it.
See more articles TD Mortgage ProtectionConsider this optional insurance in addition to Estate planning. It could pay up to $1,000,000, tax-free, directly toward your TD Mortgage balance when you pass away1, so there could be one less thing to manage within the Estate for your loved ones.
Legal\r\n"}}" id="text-982dfebc7a" class="cmp-text"> Contact usBook an Appointment
Meet with a banking specialist in person at a branch that is most convenient for you.
Book nowGive us a call
We are ready to answer your questions and help you get started.
1-800-386-3757 1-800-386-3757Locate a branch
Use our branch locator tool to find a branch near you.
Locate a branch Have a question? Find answers here What's your question? Ask Us Popular questions Sorry, we didn't find any results. You could check for misspelled words or try a different term or question. We're sorry. Service is currently unavailable. We found a few responses for you: We matched that to: Popular questions View morepopular questions Helpful related questions View morehelpful related questions Did you find what you were looking for? YesNo Thank you We're sorry. Service is currently unavailable.Sorry this didn't help. Would you leave us a comment about your search?
Submit Thank you Contact us\r\n"}}" id="text-cf5d92d067" class="cmp-text">Contact us
Book an appointment Back to top Find Us Help Back to topContact Us
Call us Book an appointment Give feedbackProducts
Bank Accounts Credit Cards Mortgages Loans and lines of credit Personal Investing InsuranceWays to Bank
TD app EasyWeb Ways to pay Ways to send money Phone, Branch and ATM Cross-border banking Foreign exchange servicesBanking Advice
TD Advice TD Calculators and Tools Digital banking tutorials Fraud prevention New to Canada StudentsAbout Us
Who we are Our impact News and economics For investors Customer care Careers Privacy and Security Legal Accessibility CDIC Member About Us Careers Manage Online Experience Site IndexToronto-Dominion Centre – Corporate Office
66 Wellington Street West, Toronto, ON M5K 1A2
Your deposits may be insurable by the Canada Deposit Insurance Corporation.
\r\n\r\nCanada Investment Regulatory Organization (CIRO)
\r\nCIRO regulation applies to TD Investment Services Inc. a separate company from and a wholly-owned subsidiary of the Toronto-Dominion Bank.
\r\n\r\n"}}" id="text-959b1239e4" class="cmp-text">Canada Deposit Insurance Corporation
Your deposits may be insurable by the Canada Deposit Insurance Corporation.
Canada Investment Regulatory Organization (CIRO)
CIRO regulation applies to TD Investment Services Inc. a separate company from and a wholly-owned subsidiary of the Toronto-Dominion Bank.
See you in a bit\r\n"}}" id="text-9b11cbd20f" class="cmp-text"> See you in a bit You are now leaving our website and entering a third-party website over which we have no control.\r\n"}}" id="text-333fa79c60" class="cmp-text">You are now leaving our website and entering a third-party website over which we have no control.
Continue to Site Back to TD Bank TD Bank Group is not responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.\r\nThird-party sites may have different Privacy and Security policies than TD Bank Group. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.
\r\n"}}" id="text-85a67fd483" class="cmp-text">TD Bank Group is not responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.
Third-party sites may have different Privacy and Security policies than TD Bank Group. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.
Site Index TD Personal Banking Personal Home My Accounts How To Today's Rates Accounts (Personal) Chequing Accounts Savings Accounts Student Account Credit Cards Aeroplan points Travel Rewards Cash Back No Annual Fee Low Rate U.S. Dollar Mortgages Loans and lines of credit Personal Investing GIC & Term Deposits Mutual Funds TFSA - Tax-Free Savings Account RSP - Retirement Savings Plan RIF - Retirement Income Options RESP - Education Savings Plan RDSP - Disability Savings Plan Precious Metals Insurance Travel Medical Insurance All Products Students New To Canada Banking Advice for Seniors (60+) Cross Border Banking Foreign Exchange Services Ways to Pay Ways to Bank Green Banking TD Advice TD Small Business Banking Small Business Home Accounts (Business) Chequing Account Savings Account U.S. Dollar Account AgriInvest Account Cheque Services Credit Overdraft Protection Line of Credit Business Credit Cards Loan Business Mortgage Canada Small Business Financial Loan Agriculture Credit Solutions TD Auto Finance Small Business Vehicle Lending Invest for your Business Advice for your Profession or Industry TD Merchant Solutions Foreign Currency Services Employer Services TD Investing Investing Home Direct Investing Accounts Commissions and Fees Trading Platforms Investment Types Investor Education TD Wealth Financial Planning Private Wealth Management Markets and Research TD Corporate About TD Investor Relations Economics Environment Diversity Supplier Information TD Newsroom Careers Other TD Businesses TD Commercial Banking TD Asset Management TD Securities TD Auto Finance U.S. Banking TD Bank Personal Banking TD Bank Small Business Banking TD Bank Commercial Banking TD Auto Finance TD Wealth Private Client Group TD Bank Personal Financial Services 1 In the event of an approved claim, the insurer can pay the insurance benefit to The Toronto-Dominion Bank to pay off or reduce your outstanding mortgage balance subject to the amount of insurance you applied and were approved for. Eligible mortgages include only Conventional or Canadian Mortgage and Housing Corporation (CMHC) insured mortgages. Self-directed RSP mortgages and mortgages on commercial properties are not eligible to be insured. Restrictions and limitations apply. See Certificate of Insurance for details.\r\n"}}" id="1" class="cmp-text">1 In the event of an approved claim, the insurer can pay the insurance benefit to The Toronto-Dominion Bank to pay off or reduce your outstanding mortgage balance subject to the amount of insurance you applied and were approved for. Eligible mortgages include only Conventional or Canadian Mortgage and Housing Corporation (CMHC) insured mortgages. Self-directed RSP mortgages and mortgages on commercial properties are not eligible to be insured. Restrictions and limitations apply. See Certificate of Insurance for details.
Glossary of Terms\r\nKeeping track of all these terms and definitions can get complicated. Here’s a list of roles, legal terms and other helpful definitions to help you navigate planning and settling an Estate.
\r\n"}}" id="text-1dde6bd2c3" class="cmp-text">Glossary of Terms
Keeping track of all these terms and definitions can get complicated. Here’s a list of roles, legal terms and other helpful definitions to help you navigate planning and settling an Estate.
Beneficiary: A person who inherits all or part of the money or property from someone who has died. They can be named on certain assets directly or through your Will.
Death Certificate: Also known as a funeral director’s certificate, statement of death or provincial certificate of death. It’s a copy of the entry for the deceased in the province’s death register.
Designated Beneficiary: A person who is designated as the beneficiary of a registered product that is not considered part of the Estate.
Estate Account: A chequing or savings account, registered in the name of the Estate that can be used to consolidate the Estate’s assets during the administration period, helping Executors manage Estate transactions, including disbursing funds to beneficiaries.
Estate Administrator: A legal term referring to a person appointed by the court to administer the Estate of a deceased person who died without making a Will.
Estate Plan: A written document that outlines an individual’s strategy for the disposition and administration of their property at their death, incapacity or total disability. The strategy is usually accomplished through the writing of a Will and establishing Powers of Attorney and similar documents. In some instances, it also involves setting up Trusts and plans for business succession. Estate planning is an ongoing process, so Estate plans should be reviewed on a regular basis or when circumstances change.
Estate Related Taxes: Taxes on the Estate may be owed prior to the distribution of assets. Having an Estate plan may help lower the total amount of taxes owed by the Estate.
Estate Trustee: The person appointed under a Will to control and protect the Estate's assets, pay off any debts and distribute the Estate assets in accordance with the terms of the Will.
Executor, Authorized Representative, or Liquidator (Quebec only): A person who is appointed to carry out the wishes of the deceased, distribute assets, file tax returns, protect property and pay expenses.
Intestate: When a person passes away without making a Will.
Letters of Administration: A legal document issued by the applicable provincial court that names the person appointed to administer a deceased person’s Estate when the person died without making a Will.
Letters of Direction: Letters of Direction are provided by the Executor/ Authorized Representative as instructions on how to disburse an Estate.
Next of Kin: The closest related family member(s) of the deceased, which can include a spouse, a civil partner, and any children.
Power of Attorney (POA): When a person is given full authority over the account(s) of a person and is granted authority to do anything the account holder can do, except change a beneficiary designation or make a new Will. Powers of Attorney arrangements terminate upon your death, at which time your Will takes effect.
Probate: Probate is the official confirmation of the validity of the Will by the courts, confirming the legal authority of the Executor.
Will: The legal document outlining a person's wishes concerning the disposal of their property after death. Some assets can be passed on without a Will – for example, jointly-owned assets such as a home plus life insurance proceeds, and, in some circumstances, registered funds, annuities and pensions.
View MoreA person who is appointed to carry out the wishes of the deceased, distribute assets, file tax returns, protect Estate assets and pay expenses.
A person who is appointed to carry out the wishes of the deceased, distribute assets, file tax returns, protect Estate assets and pay expenses.
Also known as a funeral director’s certificate, statement of death or provincial certificate of death. It’s a copy of the entry for the deceased in the province’s death register.
A legal document that outlines a person’s wishes for the distribution of their Estate upon death. The Executor named in the Will carries out the deceased’s wishes and administers the Estate assets.
Probate is the official confirmation of the validity of the Will by the courts, confirming the legal authority of the Executor.
A copy made of the original document that has been notarized by a notary / lawyer.
Estate Planning and Settlement Advice | TD Canada Trust,AI智能索引,全网链接索引,智能导航,网页索引
- Learn about the benefits of a will, estate planning, and how to settle an estate so that you could transfer your assets after death.