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The Will CentreGlossary

The Will Centre: glossary

The terms your will, your executor and your powers of attorney use, defined in plain English.

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A

Alternate executor

A backup estate trustee, named to step in if the first choice can't or won't act when the time comes.

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C

Certificate of Appointment of Estate Trustee

The court order, sometimes called probate, confirming a will (or the lack of one) and an estate trustee's authority to deal with the assets.

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C

Codicil

A signed, witnessed document that amends specific parts of an existing will without replacing the whole thing.

D

Dependant support (Part V claim)

A court application by a spouse, child or other dependant the deceased was actually supporting, asking for adequate provision a will or intestacy failed to give them.

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E

Estate trustee (executor)

The person named in a will, or appointed by a court, to prove the will, pay debts and taxes, and distribute what's left to beneficiaries.

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E

Estate trustee without a will

The court-appointed administrator of an estate when there's no valid will, chosen under a priority order set by the rules of court.

E

Executor compensation

The fee an estate trustee is entitled to for administering an estate, calculated against a customary tariff whether or not the will mentions it.

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G

Guardian for children (decision-making responsibility)

A person a will can appoint to raise your minor children if both parents die; the appointment expires 90 days later unless confirmed by a court.

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H

Holograph will

A will written entirely in the testator's own handwriting and signed by them, valid in Ontario without any witnesses at all.

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I

Intestacy

Dying without a valid will. The Succession Law Reform Act then decides who inherits, in an order that doesn't always match what someone would have chosen.

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J

Joint tenancy

A form of co-ownership where a deceased owner's share passes automatically to the surviving owner, outside the will and outside probate.

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P

Per stirpes distribution

Dividing a deceased beneficiary's share among their own children, rather than letting it pass only to the surviving beneficiaries at the same level.

P

Power of attorney for personal care

A document naming someone to make health, housing and personal decisions once you're found incapable of making them yourself.

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P

Power of attorney for property

A document naming someone to manage your finances, made under the Substitute Decisions Act, which can remain valid even after you become incapable.

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P

Preferential share

A fixed first amount, set by regulation, that a surviving spouse receives from an intestate estate before the rest is split with children.

R

Residue (residuary clause)

What's left of the estate after debts, taxes and specific gifts are paid; a residue clause decides who receives it.

S

Spousal election

A married spouse's choice to receive an equalization payment under the Family Law Act instead of what a will provides.

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S

Statutory guardian of property

The Public Guardian and Trustee's default authority over an incapable person's property when no attorney is available, until replaced or terminated.

T

Testator

The person making the will. Once it's signed and witnessed, it sets out how they want their property distributed after death.

U

Undue influence

Pressure on a testator so severe it overrides their own free will; a will made under it can be challenged and set aside.

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