The answer

Sale proceeds are estate funds, not automatically distributable cash. Mortgage and registered claims, closing adjustments, debts, expenses, tax, compensation, beneficiary or creditor issues, litigation and an adequate holdback must be resolved. CRA warns that a legal representative who distributes without the required clearance can become personally liable for unpaid amounts.

Calgary-specific context

Gross equity, lawyer trust proceeds, available estate cash and distributable residue are different numbers.

What to do next

Keep proceeds in the approved estate or trust process until the lawyer and tax adviser confirm the distribution sequence.

Verify before relying

Official sources for this topic

These sources explain the rules and records relevant to this topic. Check the current requirements for your property.

Alberta deceased persons' estatesOfficial Alberta guidance on personal representatives, probate, administration, estate assets, debts, and land transfers.Alberta surrogate applicationsOfficial Court of King's Bench information and forms for probate and estate administration applications.Alberta willsOfficial Alberta explanation of wills, intestacy, executors, administrators, personal representatives, beneficiaries, and estate administration.Alberta Court wills and estates formsOfficial Court of King's Bench pathway to current surrogate forms and estate resources.Alberta land title ownership changeOfficial Alberta requirements for removing a deceased joint tenant and transmitting land to a personal representative.Alberta land title overviewCurrent official Alberta explanation of title ownership and registered mortgages, caveats, liens, and other interests.Alberta land titles procedures manualOfficial Land Titles procedure references for powers of attorney, enduring powers of attorney, personal representatives, trustees, and document execution.CRA: doing taxes for someone who diedRead the current official guidance and confirm what applies to your property.CRA property on deathCurrent CRA guidance for deemed disposition at death, spouse or partner transfers, principal residences, rental property, CCA, final returns, and estate returns.CRA estate clearance certificateCurrent CRA requirements and personal-liability warning before a legal representative distributes estate property.CRA: representing someone who diedRead the current official guidance and confirm what applies to your property.CREB housing statisticsPublic Calgary market report hub.City of Calgary market value assessmentOfficial explanation of Calgary market-value assessment, valuation dates, mass appraisal, sales comparison, property characteristics, and the difference between a range of market value and one transaction.City of Calgary property assessment and taxAssessment and property-owner information.Law Society of Alberta lawyer directoryOfficial Alberta directory for checking lawyer status and searching by location, practice area, language, and other criteria.RECA consumer informationAlberta real estate consumer guidance.

Check the current information at the linked source. Ask the appropriate professional how it applies to your property.

Important

This is general information, not legal advice. Speak with a qualified lawyer about your specific situation.