Will – Personal Articles to Spouse, Residue to Spouse for Life, then to Children (Canada)
Will made by a spouse with specific bequests and personal articles to spouse. Residue to spouse for life, then to children equally.
Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. If you have children, it's essential to plan for their future, and a Will is of the most important legal documents 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) is a married person with children. The Will first instructs the executor (also known as the trustee), in this case the husband of the testator, to distribute specific property to a specified recipient (referred to as a beneficiary) (e.g. daughter will receive family jewelry). All other personal belongings will go to the surviving spouse. The remainder, after the testator’s debts are paid off, to be held in trust with the income to be paid to the surviving spouse. When the surviving spouse dies, the remainder will then be distributed to the testator’s children in equal shares. This Will also provides that if a beneficiary is not yet 30 years old, the executor (trustee) will hold and invest the property/money in trust for the beneficiary and will distribute the funds to the beneficiary in three stages. At age 21, the beneficiary will begin receiving the income made by his trust assets. At age 25, the beneficiary will receive one-half of the trust assets. At age 30, the beneficiary will receive the remainder of the trust assets.
This packet includes:
• Information on making a Will,
• Explanations of general terminology,
• Instructions on signing a Will, and
• Will with personal article to spouse and residue to spouse for life
Summary of Will Provisions:
1) Named Executor
2) Specific Bequests
3) Personal Articles to Wife
3) Residue to wife for life, then to children equally
4) Language if children are not 30 years old for funds to be distributed in stages
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) is a married person with children. The Will first instructs the executor (also known as the trustee), in this case the husband of the testator, to distribute specific property to a specified recipient (referred to as a beneficiary) (e.g. daughter will receive family jewelry). All other personal belongings will go to the surviving spouse. The remainder, after the testator’s debts are paid off, to be held in trust with the income to be paid to the surviving spouse. When the surviving spouse dies, the remainder will then be distributed to the testator’s children in equal shares. This Will also provides that if a beneficiary is not yet 30 years old, the executor (trustee) will hold and invest the property/money in trust for the beneficiary and will distribute the funds to the beneficiary in three stages. At age 21, the beneficiary will begin receiving the income made by his trust assets. At age 25, the beneficiary will receive one-half of the trust assets. At age 30, the beneficiary will receive the remainder of the trust assets.
This packet includes:
• Information on making a Will,
• Explanations of general terminology,
• Instructions on signing a Will, and
• Will with personal article to spouse and residue to spouse for life
Summary of Will Provisions:
1) Named Executor
2) Specific Bequests
3) Personal Articles to Wife
3) Residue to wife for life, then to children equally
4) Language if children are not 30 years old for funds to be distributed in stages
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 Pages11
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#29160
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.