Here is your daily LawFact from Wise Law for Tuesday March 29, 2016. Today we are talking about Wills and Estates.
Where a person dies
without a will, an intestacy
arises. Ontario’s Succession Law Reform Act establishes rules for the distribution of
an intestate deceased person’s property. An intestate person’s spouse inherits
the first $200,000 of an Estate.
Estate property over $200,000 is divided between the deceased's spouse and children in proportions that depend on the number of surviving children. Where there are no surviving spouse or children, parents inherit. If there are no surviving parent, siblings will inherit.
- Garry J. Wise, Toronto
Visit our Toronto Law Office website: www.wiselaw.net
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