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Canadian Legal Forms > Wills, Gifts & Trusts > Wills > Home and Personal Articles - Wills > Will - Devise of Home to Spouse for Life, Residue to Children Equally
Will - Devise of Home to Spouse for Life, Residue to Children Equally
Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. It's essential to plan for the future of your survivors, and a Will is the most important legal document you can create to ensure that they won't be entangled in a lengthy probate process.
This Will is specifically designed for the situation where the testator (the person making the will) first instructs the executor (also known as the trustee) to distribute the testator’s home to his/her spouse for the remainder of his/her life. The remainder of the estate, after the testator’s debts are paid off, (referred to as the residue) will then be distributed equally to the testator’s children equally.
This packet includes:
- Information on making a Will,
- Explanations of general terminology,
- Instructions on signing a Will, and
- Will Devising Home to Spouse
Summary of Will Provisions:
- Named Executor
- Life estate in home to spouse
- Remainder Interest to children equally
- Residue to children equally
See form: Will - Devise of Home to Spouse for Life, Residue to Children Equally
Note: Some forms not suitable for use in the province of Quebec. Check form details.
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