On the subject of musician Prince dying without a will, Richard Weiland was interviewed by All In a Day on CBC Radio in Ottawa yesterday on the matter of dying intestacy (without a will). In the interview, Richard states that “if they die with a surviving spouse and young children, the estate is divided between the spouse and the young children but children under the age of 19 can’t hold assets in their own name”, in that case, their share gets paid to the Public Guardian & Trustee, who then holds their share for them until they turn 19.
Subscribe to our newsletters
Stay current on business and legal news, topics and trends
Related Content
Clark Wilson completes $61 million oil and gas assets sale for Bucking Horse Energy Inc.
Ethan Minsky, Bernard Pinsky and Amaan Gangji of Clark Wilson’s Corporate Finance & Securities Group assisted Bucking Horse Energy Inc., through its US subsidiary, in ... Continued
Vikram Dhir, Sarah Jones and Satinder Sidhu Join the Partnership
We are very pleased to announce that Vikram Dhir, Sarah Jones and Satinder Sidhu have joined the partnership at Clark Wilson LLP. Vikram practices in ... Continued
Does Presumption of Resulting Trust Apply to Benefit Plan Designations?
The presumption of resulting trust is a well-known legal principle amongst estate lawyers. However, it may not be a familiar concept to many of the ... Continued