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Canadian Legal Forms > Wills, Gifts & Trusts > Wills > Wills Specifically for Married Individuals > Will – Married Man with Children
Will – Married Man with Children
Creating a Last Will & Testament is a key part of financial planning, no matter how young or healthy you may be. If you have children, it's essential to plan for their future, and a Will is of the most important legal documents 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) is a married man with children. The Will first instructs the executor (also known as the trustee), in this case the wife of the testator, to distribute specific property to a specified recipient (referred to as a beneficiary) (e.g. daughter will receive family jewelry). The remainder, after the testator’s debts are paid off, will then be distributed to the testator’s wife if she survives him, if not it will be distributed equally among the testator’s children. This Will also provides that if a beneficiary is not yet 30 years old, the executor (trustee) will hold and invest the property/money in trust for the beneficiary and will distribute the funds to the beneficiary in three stages. At age 21, the beneficiary will begin receiving the income made by his trust assets. At age 25, the beneficiary will receive
one-half of the trust assets. At age 30, the beneficiary will receive the remainder of the trust assets.This packet includes:
- Information on making a Will,
- Explanations of general terminology,
- Instructions on signing a Will, and
- Will for married man with children
Summary of Will Provisions:
- Wife as Executor
- Specific Bequests
- Residue to wife if she survives him, if not to children equally with language if children are not yet of age
See form: Will – Married Man with Children
Note: Some forms not suitable for use in the province of Quebec. Check form details.
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