Thursday, August 15, 2024

Wise Law's Wills and Estate's #LawFact of the Day: Intestacy in Ontario


When 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.
- Garry J. Wise, Toronto
Visit our Toronto Law Office website: www.wiselaw.net

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