This literature sets out how your estate would be distributed
under Saskatchewan laws should you fail to make a Will. Most of
spend a good part of our lifetime building up an estate. We should
also take a few minutes to direct, by our Wills, to whom our estate
is to pass, how it is to be distributed, and in what proportions. Even though you may be satisfied with the distribution that would
take place by law in your own circumstances should you leave no
Will, there are other important considerations that must not be
overlooked: Added expense
of higher administration fees to your family, because you
have no Will. Higher taxes, because of lack of planning,
that your family may have to pay. Protecting your minor
children by planning thoroughly what is to happen to them upon
your death. Protecting your family by ensuring there are no extra
delays, inconvenience, and expense in the settlement of your estate. The
anxious search by your family for a Will. The acrimony that
may arise between family members due to disagreements on how to
divide your estate. Finally, your Will is your only opportunity
to select and appoint an executor(s) to settle your estate. The
time and effort involved in arranging to have your Will
drawn are so little, to accomplish so much. Living in Saskatchewan, your
estate will be distributed as follows: 1. If you leave a spouse and no children:
All to spouse 2. If you leave a spouse and one child:
First $100,000.00 to spouse
1/2 of remainder to spouse and
1/2 of remainder to child* 3. If you leave a spouse and two
or more children:
First $100,000.00 to spouse
1/3 of remainder to spouse and
2/3 of remainder divided equally among children* |
4. If you leave a child or children, but
no spouse:
All to child or equally divided among children*
5. If you leave no spouse or children:
a) To father and mother, or survivor of them
b) If neither parent survives, to brothers and sisters
c) Children of a deceased brother or sister take the share
of their deceased parent
d) Or if none of the above survive, then to nieces and nephews without
representation
6. If you leave no lawful heirs:
All to Provincial Crown
*Children of a deceased child (grandchildren),
take that childs share
Our knowledgeable and experienced
solicitors would be happy to help you analyze your needs and make
helpful suggestions prior to drafting your Will.
Visit our office about drafting
your Will and also obtain more information about the following:
How to Make a Will
Estate Planning
Tax-Planned Wills
Wills With Multiple Family Trusts
Choosing an Executor
Power of Attorney
Living Will - Health Care Directives
Family Trusts
Multiple Trusts
Income Splitting With Estate
Joint Tenancy Property
Transfer to a Joint Transfer
This has been created to outline
sample estate distributions in certain typical situations and is
not a complete digest of the applicable laws for Saskatchewan. |