Here is your daily LawFact from Wise Law for Thursday November 15, 2018.
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, visit our website at http://www.wiselaw.net.
- Garry J. Wise, Toronto
