Thank you, Madam Chair. The reason why I brought up the Seniors’ Society is committee has been well versed and has indicated also to the department that we have a number of seniors out there that, for whatever reason, whether it’s cost or not understanding, whether it’s language barriers, a lot of our seniors and elders do not have wills in place. So, some of these changes could have an impact to them. Again, the more we talk about this when we look at legislation, it brings the overarching question of will preparation and preparation for estate planning.
Again, we felt that the Seniors’ Society would have been a great opportunity for the department to consult in preparation for this bill and hence my question.
We know that within the confines of this legislation it proposes different actions between two different types of estates, and these estates are put in values. One value, estates under $35,000 where there is no will, and estates under $75,000 where there is no will.
How are these two sections, as amended in the act, how are they going to work together and is it going to be difficult to establish evaluation of estates given very small thresholds here between $75,000 and $35,000?