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Canadian Legal Forms > Wills, Gifts & Trusts > Wills > Specific Bequests and Charities - Wills > Will – Specific Bequests of Cash Legacies with Gift Over, Residue to Several People in Disproportionate
Will – Specific Bequests of Cash Legacies with Gift Over, Residue to Several People in Disproportionate
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 certain bequests of cash to specified recipients. If the recipients are not alive, the money will then pass on to another specified recipient. The remainder, after the testator’s debts are paid off, (referred to as the residue) will then be distributed to other named beneficiaries of the testator’s choosing.
This packet includes:
- Information on making a Will,
- Explanations of general terminology,
- Instructions on signing a Will, and
- Will with specific bequests of cash legacies
Summary of Will Provisions:
- Named Executor
- Specific Bequests of cash legacies, if recepients are not alive the cash will pass onto another named recepient
- Residue to named beneficiaries in disproportionate shares
Note: Some forms not suitable for use in the province of Quebec. Check form details.
Other Canadian legal forms are also available at LawDepot.com, FindLegalForms.com, and MegaDox.com.
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