Death and Taxes (Legal Information for Indigenous People): Difference between revisions

From Clicklaw Wikibooks
Jump to navigation Jump to search
Line 22: Line 22:
* 16 and older
* 16 and older
* Free from pressure or influence
* Free from pressure or influence
In addition to these requirements, it is important to include the following in your will:
* Name executor and alternate to manage your estate
* Who you want to care for your children
* Funeral directions
* Make gifts of specific assets (e.g., your house, boat, car, jewelry, art, television etc.)
* The residue/remainder (what is left over after payments of debts and gifts of your estate)


===Estates===
===Estates===

Revision as of 21:03, 8 February 2023

Wills[edit]

On Reserve: to be valid, a will under the Indian Act must:

  1. Be in writing (*audio/video wills/oral instructions are not accepted)
  2. Be signed by the will-maker
  3. Give away something the will-maker owns
  4. Be intended to take effect upon death
  5. Have 2 adult witnesses (not beneficiaries or their spouses)
  6. Be dated

The person writing the will must be:[edit]

  • A “Status Indian” under the Indian Act
  • considered “ordinarily resident on-reserve”
  • 16 and older
  • Free from pressure or influence

In addition to these requirements, it is important to include the following in your will:

  • Name executor and alternate to manage your estate
  • Who you want to care for your children
  • Funeral directions
  • Make gifts of specific assets (e.g., your house, boat, car, jewelry, art, television etc.)
  • The residue/remainder (what is left over after payments of debts and gifts of your estate)


Estates[edit]

Representation Agreements[edit]

Taxation[edit]