Major Changes to Ontario Estates Law Coming Soon
Ontario has introduced future sweeping changes to estates law in the Accelerating Access to Justice Act, currently in First Reading. While not yet passed, it changes many significant areas.
-- Virtual signing would be made a permanent option for Wills and Powers of Attorney. Lawyers would still have to be one of the witnesses.
-- Marriage would no longer revoke a Will.
-- The $10,000 limit for amounts paid to a child's parent without the necessity of a court guardianship, would be fixed by regulation would likely increase.
-- Substantial Compliance would be available if a Court found that a document set out a testamentary intention, though it was not properly executed.
-- Separation, not merely divorce, would revoke a bequest to a former spouse.