Tuesday, April 30, 2013

Getting "escheated" out of an inheritance

What happens when a person dies without a will (i.e. "intestate"), and has no relatives? This was the case with Roman Blum, a holocaust survivor who died leaving $40 million but no will and no known relatives. Every province and territory in Canada has intestacy laws that give instructions as to how to deal with this situation. Toronto lawyer Ian Hull recently blogged about how Mr. Blum's case would have been dealt with had it happend in Ontario. Click here to read the article on Mr. Hull's blog.

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