A Continuing Power of Attorney for Property is a legal document in which you can appoint a person or persons to act on your behalf (called an “Attorney”) with respect to your property and financial affairs. The document will allow them to make decisions for you if you become incapable of managing your financial affairs.
*The term “Attorney” refers to the person or persons you have chosen to act on your behalf. He or she does not have to be a lawyer.
WHO YOU CAN APPOINT AS YOUR ATTORNEY FOR PROPERTYRead more →
What if your spouse shortchanges you in their will?
If you are unhappy with the amount your spouse left you in their will, you may have legal options, for example:
Option 1: Instead of taking under the will consider electing for “Equalization” if you were married.
Ontario’s Family Law Act (“FLA”) views marriage as an economic partnership and gives married spouses the option to either
accept entitlement under their spouse’s will
make an election for equalization of “net family property”. [Net family property is a complex formula which cannot be easily defined – speak to us for further information].
Requirements: be married, no enforceable marriage contract etc
Deadline: The surviving spouse of a marriage must file for equalization within six (6) months of the death. Otherwise, they may lose out on the opportunity to make this claim.
Option 2: File for a Dependant Support claim
If you qualify as a “dependant” spouse, even if unmarried, you can make a Dependant Support claim under the Succession Law Reform Act. A court can compel the deceased’s estate to provide adequate provision of support for you.
Adequate provision for of support is determined by considering many factors, including:
the surviving spouse’s financial circumstances;
the legal obligations of the deceased;
the moral obligations of the deceased. When considering moral obligations, the court has often considered society’s expectations of what a judicious person would do in the circumstances (Cummings Cummings);
the dependant’s capacity to contribute to their own support;
the dependant’s age, physical and mental health; and
the length of the relationship
contributions to the deceased’s realization of career potential
Requirements: The surviving spouse would need to prove that the deceased was actually providing support or was under a legal obligation to provide support immediately before their death.
Deadline: It is recommended that the surviving spouse give notice to the estate immediately. The spouse must commence a Court application within six (6) months of the issuance of the Certificate of Appointment of Estate Trustee (the granting of probate).
Remember, the rights of a spouse to equalization of net family property and to Dependant Support are not mutually exclusive. After equalization, a married spouse may still be able to bring a claim for dependant support if they are not provided with adequate provision for proper support.
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For further information or to schedule a consultation please contact Ashley Doidge at 416-224-1996, ext. 217 () or Eric Gossin at 416-224-1996 ext. 210 ().