Carleton Credit Union
3143 Main St, Centreville, NB E7K 3A9 Canada
CARLETON
CREDIT UNION Tel: (647) 329-2792
Funds Release Processing Form
Note: As of January 1, 2020; the first $50,000 of every estate is without a fee. Assets only in Ontario are subject
to probate/processing fees.
For estate assets, only encumbrances like mortgages and liens can be deducted from property value.
Categories of Estates that Requires probate fees:
Cash, Bank accounts Single-owned investments, shares, bonds, RRSP’s, TFSA's, RRIF's
Personal property Life insurance policies, Retirement accounts, Vehicles, boats, and other watercraft
Break Down of Fees and Categories:
$50,000 $0 NO probate fee
US$100,000 to US$1 Million - Processing Fees US$1,400 to US$2,300
US$1 Million to US$9 Million Processing Fees US$2,500 - US$4,900
US$10,000,000 to US$20 Million Processing Fees US$6,650 - US$15,500
Your entitled to pay only a category of the fees, which must correspond to the value of the estate in process.
Section A: Deceased’s Details and Checklist
Full Name
Policy No Date of Death
Section B: Declarant’s Details
Name
Home Address
Contact Phone Number
Email
Date of Birth Occupation
Relationship to deceased: (choose one)
Husband or wife of the deceased Person who has custody and control of the
Defacto partner of the deceased infant children of the deceased
A child of the deceased Brother or sister of the deceased
Person entitled to the estate under Relation of the deceased (Cousin, Niece, Nephew, etc)
the will of the deceased Parent or legal guardian of the deceased
A Person Entitled to the estate
without a WILL
Section C: Payment Details
I request Carleton Credit Union to close the account’s of the deceased and transfer
the funds to the account below:
Account Number/IBAN
Bank Name
Bank Branch
Bank Address
Swift Code
Sort Code
Section D: Declaration & Indemnity
I...................................................................................................................................................................................................................
solemnly and sincerely declare that:
I confirm that I am acting as the Administrator of the above-named estate. I confirm that the deceased died without
leaving a will. All the information provided above is true and correct and forms part of this declaration.
I will submit ALL ADMINISTRATIVE DOCUMENTS as well as PROOF OF PAYMENT for Mandatory
processing fees, as mentioned at the top of this form to cover all Canadian Government Administrative Fees.
Further correspondence in connection with this PROCESSING FEE should be addressed to me:
Name: ............................................................. Direct Telephone:.........................................................
E-mail :........................................................................................................................................................
I will NOT submit the ADMINISTRATIVE DOCUMENTS as well as PROOF OF
PAYMENT for Mandatory Processing fees as mentioned at the top of this form to cover all Canadian
Government Administrative Fees for the following reasons:
Reasons: ...............................................................................................................................................................................
Signature:........................................................................ Date:......................................................................
Name and Title (in print)................................................... Signature of Declarant: ..............................................
Official use only Do not write below
Declared at
On this day
Full Name
Funds Release Processing Form / Official Document
