Written on January 30, 2013 – 5:56 am | by Elaine Blades
Meriam-Webster is my “go to” online dictionary. In addition to the usual dictionary stuff, the site has a number of cool quizzes, including “name that thing” and “how strong is your vocabulary”. There’s also a true or false test subtitled “a quick quiz about stuff worth knowing”. With thanks to M-W for the idea, here’s a quick T/F quiz about estate stuff worth knowing.
- A beneficary cannot act as executor of your Will
- Under federal and provincial law, common law and legally married spouses are now treated equally for all purposes
- In Ontario, marriage revokes a Will
- In Ontario, divorce revokes a Will
- A Power of Attorney for Property can only be used in the event the grantor is declared mentally incapable
- Unless other stated, a Power of Attorney for Property is effective when signed
- The capacity threshold for marrying is lower than the capacity threshold for making a Will
- Alter-ego and joint partner trusts offer a legitimate way to reduce probate fees
- An executor residing outside the Commonwealth may be required to post a surety bond in order to act
- Canadians are taxed on the basis of citizenship
More estate stuff worth knowing next time.
Thanks for reading.
1F, 2F, 3T, 4F, 5F, 6T, 7T, 8T, 9T, 10F