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Mike and Michaela married 30 years ago today. They had twins, Martin and Maria who are 27 years old. Sadly, they have not spoken to
Mike and Michaela married 30 years ago today. They had twins, Martin and Maria who are 27 years old. Sadly, they have not spoken to their parents for 3 years, ever since Mike cut them off financially. Both children became addicted to online betting and lost a lot of money. They never sought treatment for their addiction which was a condition Mike had made. Mike had wanted to reach out to them to let them know their mother was very ill but both never answered the call or responded to his texts. Michaela passed away a week later and unfortunately did not have a Will. Since Michaela was resident in Ontario, the distribution of her estate is governed by the specific intestacy rules of that province which will result in a mandatory distribution of her property. The first $350,000 will be going to Mike and the remainder of the estate will be divided among Mike and his two children for 1/3 each. The distribution of the first $350,000 is called _____________________. Question 33Select one: a. liquidation assets b. intestate share c. notarized share d. residue e. preferential share
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