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The release is a confirmation that you agree with their work and the accounting they have done on the estate to date. As an heir, you do have the right to receive an accounting of the executor's actions from the time they began administering the estate.
Hear this out loud PauseIf a loved one has died and you are named in the Last Will and Testament as a beneficiary, the estate trustee will probably ask you to sign a release before any assets are distributed. This legal document confirms that you approve how the estate has been administered to date.
Affidavit of Applicant for Grant of Probate or Grant of Administration with Will Annexed (Form P3 or P4) Affidavit of Delivery (Form P9) Affidavit of Assets and Liabilities for Domiciled Estate Grant (Form P10) Cheque for probate filing fees.
If an estate's value is over $25,000 it must be probated before the assets can be distributed. If an estate's value $25,000 or less, there are no BC probate fees.
Probate is a process that verifies a will is real under B.C. laws. Whether a will needs to be probated or not depends on the agencies and financial institutions that hold assets within an estate ? they may require that a will is probated before the assets are distributed or accessed by anyone.