Ontario survivors could now receive more if their spouses die without a will
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.
Original Article Source Credits: Advisor's Edge, https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: 8th March 2021