Ontario survivors could now receive more if their spouses die without a will

Author: External Author | | Categories: Accountant , Accounting Services , Tax Accountant , Tax Services

Ontario clients whose spouses die intestate could now inherit more of the spouse’s estate.

A surviving spouse in Ontario is now entitled to $350,000, up from $200,000, as their preferential share of their spouse’s estate if that spouse dies without a will. The change applies to deaths that occurred March 1 or later.

Read More

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca/

Article Written By: Rudy Mezzetta 

Original Article Posted on: 8th March 2021

Link to Original Article: https://www.advisor.ca/tax/estate-planning/survivors-could-now-receive-more-if-their-spouses-die-without-a-will/