Probate is the legal process of administering a deceased person’s estate, which can be a lengthy and expensive procedure. In Canada, there are several ways to avoid probate, including creating a joint tenancy, establishing a trust, or using a life insurance policy.
Avoiding probate can save time and money, and it can also help to keep your estate private. However, it is important to speak to an attorney to determine the best way to avoid probate in your particular situation.