If you pass away without a will, what happens?
Your spouse gets everything.
The provincial government steps in to manage your estate.
Someone needs to apply to the Supreme Court to be allowed to manage your estate.
Your next of kind becomes responsible for managing your estate.
You can handwrite your own legally valid will.
In your will, the term "children" includes: (select all that apply)
All minors that reside within your primary residence.
Your biological offspring.
Any adopted individuals.
Your step-children.
Any individuals whom you have raised.
Across Canada, being legally married and being common-law spouses are the same thing for estate planning purposes.
What is probate?
An amount charged by an estate lawyer.
A court process that states your will is valid, and everyone should follow your instructions.
An amount charged by the government, also known as a death tax.
A court process that decides who will inherit first.
Every will needs to be probated.
The following types of assets are included in the estate: (select all that apply)
Personal belongings.
Life insurance naming a beneficiary.
Jointly owned property.
Individually owned property.
Pensions.
Anyone who feels a will is unfair can contest it.
What can be included in incapacity documents? (select all that apply)
Choosing someone to speak for you.
Deciding ahead of time what kinds of things you would like to have happen.
Restrictions for what kinds of things you don't want to have happen.
The government takes a portion of your estate when you pass away.
An Advance Healthcare Directive is the same thing as a Do Not Resuscitate (DNR) order.
When should you update your will? (select all that apply)
When your spouse passes away.
Never. Wills don't expire.
When you get married or divorced.
When you have children or grandchildren.
Every 7 years.
A photocopy of your will can be used for probate if the original gets lost.
Which of the following jobs does an executor do? (select all that apply)
Distribute your assets according to your will.
Decide if your will seems fair.
Make funeral arrangements.
