What must typically happen for an estate to be settled without legal intervention?

Study for the Ontario Estates Law Exam. Prepare with expertly crafted questions and detailed explanations. Enhance your understanding of estates law and boost your confidence before the exam.

For an estate to be settled without legal intervention, typically, all beneficiaries must reach an agreement regarding the distribution of the estate. This consensus allows the estate to avoid the more formal legal processes of probate, where a court is involved to oversee the administration of the estate.

While an executor might be appointed as part of the process, if the beneficiaries agree on how to divide the assets, they can often proceed without requiring the formal appointment of an executor by the court. However, in practice, many estates do have an appointed executor to handle such matters. The key point here is the consensus among beneficiaries, as this facilitates a more straightforward resolution without the need for court intervention.

The necessity for a court ruling on the estate's debts or appraising assets typically falls under the duties of an executor or is required to obtain a grant of probate, which is part of the legal intervention process.

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