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When a person dies without a will, the provincial government gets to decide who gets the money in your bank account. Provincial governments will often prioritize immediate family members or blood relatives of the deceased person, which can leave common-law partners with nothing.
Without a named beneficiary, your life insurance proceeds become part of your estate. The life insurance proceeds get distributed ingly, along with the rest of your assets. Your estate may need to go through probate, which often charges substantial fees and could take a long time before reaching your heirs.
The banks will then freeze the accounts until a Grant of Probate has been awarded. It's important to notify any relevant financial institutions as soon as possible after a death. Failing to do this, or continuing to use the person's bank card to make payments or withdrawals, is illegal.
Open an estate account Most financial institutions will require you to provide the following: Copy of the act of death issued by the Directeur de l'etat civil. Notarial will or testamentary provision, verified holograph will, verified will made in the presence of witnesses or declaration of heredity.
If accounts have not been passed after two years, a beneficiary can again apply to the court to require passing of the executor's accounts. The executor will need to explain why the estate has not yet been settled.