Probate for Small YT Estates

In the Yukon, there is no concept of a "small" estate, but it is still possible to avoid probate under certain circumstances.

Assets That Bypass Probate

There's no need for probate if the estate consists solely of assets that bypass probate, such as assets held in joint tenancy with a right of survivorship (e.g., a home) assets with named beneficiaries (e.g., RRSPs, life insurance policies), accounts Payable on Death, and other standard probate exclusions.

Custodian Cooperation

Even if there are assets that do not automatically transfer on death, you may be able to avoid probate if the existing asset custodians allow you to take possession of the assets without a probate Grant of Letters. However, if a custodian such as a financial institution requires such Letters, then probate will be required.

Real Property

If the estate contains real property (i.e., real estate) that does not automatically transfer on death, then probate will always be required.

Disputes

If there are disputes about the will, or debts, you will most likely want to go through probate in any case, for the legal protections and process it provides

Court

In the Yukon, the Supreme Court of Yukon handles probate and estate administration.

The Yukon Department of Justice provides several pamphlets, to help executors and administrators through the probate process, and these common YT probate forms may be helpful.