Question

Paul and his wife had been married for 15 years and had been separated for 3 days when he suddenly died. He left an estate worth $600,00 after taxes. In his will, he left $300,000 to his wife Linda and the rest to be divided per capita between his three children. The family lives in Alberta and Paul had not had time to change his will before he died. How much does each child inherit?

Answer 1

Given Paul and his wife married for 15 years and has been seperated for 3 days and suddenly died.

His estate worth $600,000 after taxes.

In his will he lft $300,000 to his wife Linda and the rest to be divided per capita between his 3 children.

In Alberta, the will is not revoked with the seperation. It remains the same and the spouse is entitled for her share unless the spouse changes his will.According to Alberta Legislation,the appointment of your former spouse as executor or trustee or any gifts to them are deemed revoked.

In the given Case, Paul did not changed his will so the estate of $300,000 goes to his wife Linda and the remaining $300,000 goes to his 3 children equally.

Hence. each child inherits $100,000.