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Ai Insurance Organization

Frequently Asked Questions

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Frequently Asked Questions

Spouse and no children?

When a person dies intestate in respect of the property and is survived by a spouse and not survived by issue, the spouse is entitled to the property absolutely.

Spouse and 1 child?

When a person dies intestate in respect of the property and leaves a spouse and one child, the spouse is entitled to one-half of the residue of the property.

Spouse and 2 children?

When a person dies intestate in respect of the property and leaves a spouse and more than one child, the spouse is entitled to one-third of the residue of the property.

Children only?

When a person dies intestate in respect of the property and leaves children surviving him or her, the property shall be distributed, subject to the rights of the spouse, if any, equally among his or her children who are the nearest degree in which there are children surviving him or her.

Heirship:

   Spouse

   Biological Children

   Share of predeceasing child

   Parents

   Brother and sisters

   Nephews and nieces

   Next of kin

   Escheat

   Degree of kindred

   Descendants conceived but unborn

The Lieutenant Governor in Council may be regulation, prescribe the amount of the preferential share.

In Ontario, you are considered common law if the two persons have cohabited for at least one year together.

Certificate of Appointment Estate Trustee with a Will or without a Will was formerly known as letters probate, this document is issued by the court giving the Estate Trustee(s) named in the Will the power to administer the estate under the Will. Also formerly known as Letters of Administration, this document is issued by the court giving the Estate Trustee(s) the power to administer according to the applicable Laws, the Estate of a person who died without leaving a Will.

A Holographic Will is a handwritten document that speaks about the distribution of a person’s Estate.

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Definitions

Preferential Share

Preferential share is the amount prescribed by a regulation made under the Lieutenant Governor.

Participant

Participant means a person who is entitled to designate another person to receive a benefit payable under a plan on the participant’s death.

Beneficiary

A beneficiary is a person entitled to a portion of an Estate.

Cohabit

Cohabit means to live together in a conjugal relationship, whether within or outside marriage.

Dependent

Dependent means the spouse or same-sex partner of the deceased, a parent of the decreased, and a child of the deceased or a brother or sister of the deceased, to whom the deceased was providing support or was under a legal obligation to provide support immediately before his or her death.

Same-sex partner

Same-sex partner means either of two persons of the same sex who have cohabited continuously for a period of not less than 3 years or in a relationship of some permanence, if they are natural or adoptive parents of a child.

Spouse

Spouse means a person of the opposite sex to whom the person is married or with whom the person is living in a conjugal relationship outside marriage, if the two persons have cohabited for at least one year, are together the parents of a child or have together entered into a cohabitation agreement under the family law act.

Testate

Testate means when a person dies with a Will.

Intestacy

Intestacy is when a person dies without a will.

Probate / Letters of Administration

Probate or Letters of Administration is authority granted to someone by the court to administer an Estate.

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Estate Bond Program for Lawyers

If you are an estate lawyer and would like to refer your clients, learn more about our program below:

Ai provides value not only to our clients but to our trusted partners in private, public, and legal practices. We are committed to offering our customers and their representation the highest possible standards of service the bonding industry has to offer.

We believe in organically growing our network of business affiliates to assist and provide financial surety to lawyers across Canada and abroad.

Contact us by filling out the form below if your client requires an estate bond, if you have any questions about the estate bonding process, or if you would like to become a centre of influence for your clients.

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