On this day in, 2003 – Coldplay singer Chris Martin was charged with malicious damage in Australia after he allegedly attacked a photographer’s car after he had taken pictures of him surfing at Seven Mile Beach.
No, I’m not going to make a joke about the recent damage done by him in a certain viral video …. but I am wondering how much those photos are worth. Because when it comes to probate, photographs and other artistic works may have value to your estate.
Handling an Estate with Art or Collectibles? Here’s What You Need to Know.
When a loved one passes away, part of the probate process in Ontario includes valuing everything in their estate—including artwork and collectibles.
How do you value art for probate?
Ontario requires fair market value as of the date of death. That might mean researching market comparables—or in some cases, hiring a certified appraiser.
Did you know? Executors can be audited years after probate is granted if valuations are off.
Estate Administration Tax is 1.5% on amounts over $50,000—and that includes art.
If you’re unsure how to estimate asset values or file the Estate Information Return, you’re not alone.
At Wesley Jackson Professional Corporation, we help executors navigate the probate process with clarity and confidence—from valuing assets to completing filings and minimizing risk.
Whether you’re dealing with a single painting or an entire collection, we’ll guide you through it—accurately and efficiently.
Reach out today to schedule a consultation and take the stress out of probate.
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