Today’s post comes from Estate Law Canada, a well-known estate law blog.
The article talks about an asset (e.g. a car or home) that may be named in the Will to go to a certain person, but then at the time of death is already subject to an agreement for sale.
When the deceased dies, the estate may be bound to complete that agreement (and sell the asset to the other side in the agreement). This may leave a disappointed beneficiary under the Will, but such is the law.
The article by Estate Law Canada can be viewed here.
James Steele’s preferred practise area is estate litigation, including will challenges, executor disputes, power of attorney issues, etc. Contact James Steele at 1-306-933-1338 or j.steele@rslaw.com. The above is for general information only. Parties should always seek legal advice prior to taking action in specific situations.