Will – Devise of Home to Children to Specific Age (Canada)
Will devising home to children up to a specific age - residue to children equally.
Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. It's essential to plan for the future of your survivors, and a Will is the most important legal document you can create to ensure that they won't be entangled in a lengthy probate process.
This Will is specifically designed for the situation where the testator (the person making the will) first instructs the executor (also known as the trustee) to distribute the testator’s home to his/her children under the age of 25. Once the last child reaches the age of 25, the house will then become part of the residue of the estate. After the testator’s debts are paid off, (referred to as the residue) all of the testator’s assets will then be distributed equally to the testator’s children.
This packet includes:
• Information on making a Will,
• Explanations of general terminology,
• Instructions on signing a Will, and
• Will devising home to children to a specific age
Summary of Will Provisions:
1) Named Executor
2) Home devised to children up to a certain age
3) Residue to children equally
This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.
This Will is specifically designed for the situation where the testator (the person making the will) first instructs the executor (also known as the trustee) to distribute the testator’s home to his/her children under the age of 25. Once the last child reaches the age of 25, the house will then become part of the residue of the estate. After the testator’s debts are paid off, (referred to as the residue) all of the testator’s assets will then be distributed equally to the testator’s children.
This packet includes:
• Information on making a Will,
• Explanations of general terminology,
• Instructions on signing a Will, and
• Will devising home to children to a specific age
Summary of Will Provisions:
1) Named Executor
2) Home devised to children up to a certain age
3) Residue to children equally
This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages12
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#29148
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.