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Will – Devise of Home (Canada)
  Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. It's essential to plan for the future of your survivors, and a Will is the most important legal document you can create to ensure that they won't be entangled in a lengthy probate process. This Will is specifically designed for the situation where the testator (the person making the will) first instructs the executor (also known as the trustee) to distribute the testator’s home to a specified recipient (referred to as a beneficiary). The remainder, after the testator’s debts are paid off, (referred to as the residue) will then be distributed equally to other named beneficiaries of the testator’s choosing. This packet includes: • Information on making a Will, • Explanations of general terminology, • Instructions on signing a Will, and • Will devising home This form can be used in the following provinces and territories: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon. Summary of Will Provisions: 1) NamedExecutor 2) Home of testator devised to named beneficiary 3) Residue to several beneficiaries equally |
Will - Devise of Home to Spouse for Life, Residue to Children Equally (Canada)
| Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. It's essential to plan for the future of your survivors, and a Will is the most important legal document you can create to ensure that they won't be entangled in a lengthy probate process. This Will is specifically designed for the situation where the testator (the person making the will) first instructs the executor (also known as the trustee) to distribute the testator’s home to his/her spouse for the remainder of his/her life. The remainder of the estate, after the testator’s debts are paid off, (referred to as the residue) will then be distributed equally to the testator’s children equally. This packet includes: • Information on making a Will, • Explanations of general terminology, • Instructions on signing a Will, and • Will Devising Home to Spouse Summary of Will Provisions: 1) Named Executor 2) Life estate in home to spouse 3) Remainder Interest to children equally 4) Residue to children equally This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon. |
Will – Disposition of Personal Articles According to Memorandum (Canada)
| Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. It's essential to plan for the future of your survivors, and a Will is the most important legal document you can create to ensure that they won't be entangled in a lengthy probate process. This Will is specifically designed for the situation where the testator (the person making the will) first instructs the executor (also known as the trustee) to distribute specific personal belongings according to a previously signed and prepared memorandum. The remainder (referred to as the residue) will then be distributed to named beneficiaries of the testator’s choosing. This packet includes: • Information on making a Will, • Explanations of general terminology, • Instructions on signing a Will, and • Will disposing or personal articles according to a separate memorandum Summary of Will Provisions: 1) Named Executor 2) Personal articles distributed according to memo 3) Residue to named beneficiaries in disproportionate shares This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon. |
Will – Personal Articles Chosen by Children, Residue to Children Equally (Canada)
| Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. It's essential to plan for the future of your survivors, and a Will is the most important legal document you can create to ensure that they won't be entangled in a lengthy probate process. This Will is specifically designed for the situation where the testator (the person making the will) first instructs the executor (also known as the trustee) to distribute specific belonging to certain beneficiaries. He/she also then instructs the executor to allow his children to choose personal belongings. The remainder (referred to as the residue) will then be distributed to the testator’s children in equal shares. This Will also provides that if a beneficiary is not yet 30 years old, the executor (trustee) will hold and invest the property/money in trust for the beneficiary and will distribute the funds to the beneficiary in three stages. At age 21, the beneficiary will begin receiving the income made by his trust assets. At age 25, the beneficiary will receive one-half of the trust assets. At age 30, the beneficiary will receive the remainder of the trust assets. This packet includes: • Information on making a Will, • Explanations of general terminology, • Instructions on signing a Will, and • Will where personal articles are to be chosen by children Summary of Will Provisions: 1) Named Executor 2) Personal articles to be chosen by children 3) Residue to be distributed to children equally 4) Special language to hold bequest in trust if children aren't of age This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon. |
Will – Personal Articles to Spouse, Residue to Spouse for Life, then to Children (Canada)
| Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. If you have children, it's essential to plan for their future, and a Will is of the most important legal documents you can create to ensure that they won't be entangled in a lengthy probate process. This Will is specifically designed for the situation where the testator (the person making the will) is a married person with children. The Will first instructs the executor (also known as the trustee), in this case the husband of the testator, to distribute specific property to a specified recipient (referred to as a beneficiary) (e.g. daughter will receive family jewelry). All other personal belongings will go to the surviving spouse. The remainder, after the testator’s debts are paid off, to be held in trust with the income to be paid to the surviving spouse. When the surviving spouse dies, the remainder will then be distributed to the testator’s children in equal shares. This Will also provides that if a beneficiary is not yet 30 years old, the executor (trustee) will hold and invest the property/money in trust for the beneficiary and will distribute the funds to the beneficiary in three stages. At age 21, the beneficiary will begin receiving the income made by his trust assets. At age 25, the beneficiary will receive one-half of the trust assets. At age 30, the beneficiary will receive the remainder of the trust assets. This packet includes: • Information on making a Will, • Explanations of general terminology, • Instructions on signing a Will, and • Will with personal article to spouse and residue to spouse for life Summary of Will Provisions: 1) Named Executor 2) Specific Bequests 3) Personal Articles to Wife 3) Residue to wife for life, then to children equally 4) Language if children are not 30 years old for funds to be distributed in stages This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon. |