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
Bernard Pinsky, Q.C. quoted in Advisor.ca
Bernard Pinsky, Q.C. was quoted in the March Advisor’s Edge Report (Advisor.ca) compliance roundup, Five Provincial Regulators Adopt New Prospectus Exemption. The article discusses a ... Continued
Amendments to Prospectus Exemptions and Additional Obligations for Issuers and Brokers
On May 5, 2015, changes to National Instrument 45-106 Prospectus and Registration Exemptions (“NI 45-106”) will come into force which will put additional responsibility on ... Continued
Women in Leadership Decade of Dreams Gala
On November 5, Clark Wilson sponsored the “Women in Leadership Decade of Dreams Gala” at the Fairmont Waterfront Hotel. The event raised funds for the ... Continued