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2020-01-14

Estate Planning Card - 2020

 

Estate Planning Quick Reference Card

 

(Current to Jan 15, 2020)

 

Provincial Intestacy Rules1,2,3
Province/territory Spouse and one child Spouse and children
AB If all children are also children of surviving spouse, entire estate goes to spouse; if any of the children are not also children of the surviving spouse, the spouse gets the greater of $150,000 or 50% of the value of the estate, and the children receive the remainder of the estate
BC If all children are also children of the surviving spouse, first $300,000 + 50% of the balance goes to the spouse; if any of the children are not also children of the surviving spouse, the first $150,000 goes to the spouse, 50% of the balance goes to the spouse, 50% of the balance to the intestate’s children equally.
MB If all children are also children of surviving spouse, entire estate goes to spouse; if any of the children are not also children of surviving spouse, greater of $50,000 and half of the estate goes to the spouse. Remainder of estate is split 50% and 50% between spouse and children.
NB Marital property to spouse; balance split equally. Marital property to spouse; 1/3 balance to spouse; 2/3 of balance to children.
NL Split equally. 1/3 to spouse; 2/3 to children.
NT4 First $100,000 to spouse;
balance split equally.
First $100,000 to spouse; 1/3 of balance to spouse; 2/3 of balance to children.
NU4 First $50,000 to spouse;
balance split equally.
First $50,000 to spouse; 1/3 of balance to spouse; 2/3 of balance to children.
NS First $50,000 to spouse;
balance split equally.
First $50,000 to spouse; 1/3 of balance to spouse; 2/3 of balance to children.
ON First $200,000 to spouse;
balance split equally.
First $200,000 to spouse; 1/3 of the balance to spouse; 2/3 of the balance to children.
PEI Split equally. 1/3 to spouse; 2/3 to children.
QC 1/3 to spouse; 2/3 to child. 1/3 to spouse; 2/3 to children.
SK First $200,000 to spouse;
balance split equally.
First $200,000 to spouse; 1/3 balance to spouse, 2/3 balance to children.
YK First $75,000 to spouse;
balance split equally.
First $75,000 to spouse; 1/3 balance to spouse, 2/3 balance to children.

 

1When an individual dies without a will, they are said to have died “intestate”. Each province has rules that define how estate assets are to be distributed in the case of intestacy.

2 In QC, the rules apply to legally married couples and civil union couples, but does not apply to common law couples.

3 Specific rules regarding household furnishings and a spouses ability to elect are unique in some provinces.

Spouse may elect to receive house and contents in lieu.

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