Intestate Succession Act Flashcards
Who has the first (best) claim?
The spouse. This also includes registered ‘domestic partnerships’ under s 53 of the NS Vital Statistics Act
What does the spouse get?
s 4(1) - if the estate is worth less than $50,000, they get everything
s 4(2) - if the estate is worth more than $50,000, they get the 50k + interest accrued from time of death
s 4(4) - the spouse may “elect” to take the matrimonial home instead of cash (if the estate is worth more than 50k)
Definition of matrimonial home?
section 4(3) - primary residence of the deceased and any ‘furnishings’ note: won’t always be the matrimonial home!
After the spouse’s claim, who has first claim to the residue of the estate?
s 5 - if there are no kids, spouse gets everything s 4(5)(a) - if there is spouse + 1 kid, each gets half s 4(5)(b) - if there is spouse + 2 (or more) kids then the spouse gets 1/3 and the kids split the remaining 2/3
What happens if one of the children is dead, but has a surviving heir?
s 4(6) - surviving grandkids can inherit in the parents' place s 4(7) - 'per stirpes' rule for multiple grandkids
No spouse, no kids or grandkids?
s 7 - parents inherit
No spouse, no kids (or grandkids), no parents?
s 8 - siblings inherit
No spouse, no kids (or grandkids), no parents, no siblings?
s 9 - nieces/nephews inherit equally
No spouse, no kids (or grandkids), no parents, no siblings, nieces or nephews?
s 10 - goes to closest surviving relative
Special rules (three of them)
s 12 - kids in the womb at time of death can inherit once they are born
s 16 - illegitimate and adopted kids of the intestate can inherit equally with other kids
s 17 - separated spouse “living in adultery” cannot benefit
Section 5…
If there are no kids, the spouse gets everything
Section 4(1)-(4)
s 4(1) - if the estate is less than $50,000, spouse gets everything s 4(2) - if the estate is more than $50,000 spouse gets $50k s 4(3) - 'matrimonial home' means home of the deceased with any furnishings (doesn't need to be family home) s 4(4) - spouse may "elect" to take the whole matrimonial home instead of cash (if estate is worth more than $50k)
Section 4(5)-(7)
s 4(5)(a) - if spouse + 1 kid, each gets 1/2 residue of the estate s 4(5)(b) - if spouse + 2 (or more) kids, spouse gets 1/3 of residue of estate, the kids split the remaining 2/3 s 4(6) - grandkids can inherit in kid's place s 4(7) - 'per stirpes' rule for multiple grandkids
Section 7
If no surviving spouse or kids or grandkids, then the parents can inherit
Section 8
If no surviving spouse, kids, grandkids, or parents, then siblings can inherit