Here is your daily LawFact from Wise Law Toronto for Friday July 21, 2017.
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 parents, siblings will inherit.
For more information on Employment Law, Family Law, Wills, Estates and Estates Litigation, visit our website at http://www.wiselaw.net
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 parents, siblings will inherit.
For more information on Employment Law, Family Law, Wills, Estates and Estates Litigation, visit our website at http://www.wiselaw.net
- Garry J. Wise, Toronto
Visit our Toronto Law Office website: www.wiselaw.net
No comments:
Post a Comment
Readers are solely responsible for the content of the comments they post here. Comments are subject to the site's terms and conditions of use and do not necessarily reflect the opinion or approval of Wise Law Blog and the writers thereof. Readers whose comments violate the terms of use may have their comments removed without notification.