What Happens if I Die without a Will?
First, let’s talk about what will happen if one dies with a will in place.
After expenses like the funeral or cremation have been paid, the estate will be given out as highlighted in your document. Most of the time.
Sometimes, a will can be challenged by an organizations like financial institutions before paying out and matters get more complicated. In certain situations probate will be required - click on this link to learn about that.
In these situations, it would be best to consult with a lawyer. If the person who passed has a spouse or child that's still alive and was supported financially by them, the estate can go to them first before anyone in the will. If they had a joint venture or bank account with somebody else, things could get complicated. Finally, if somebody included in the will passed away as well it could be a complex situation.
What if one passes without a will?
In that scenario, nobody gets automatic authority to the estate. To get access, one would need to apply for a court order, which can be a stressful, expensive, and time consuming process. Probate fees may also be payable, depending on the area and value of the estate, more on that here.
If you're interested in legal representation from a credible Downtown law firm, take a look at our website or give us a call at 604-674-7755.
Bijan Law is a general practice law firm in Downtown Vancouver. We can help you out whether you're entering a partnership for investment, starting or purchasing/selling a business, want to keep wealth within your family, immigrate to Canada, or resolve a dispute.
Note: these blog posts are written by a communications professional and are not intended to be legal advice. One of our lawyers would be glad to help if you have a specific issue in mind.