Ontario Wills and Estates #LawFact of the Day: Intestacy in Ontario #law #legal #estateplanning
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
