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.
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.