O. Reg. 110/21 under the Estates Act (Small Estates).
Regulation - LGIC
Bill or Act:
Summary of Decision:
This regulation was approved on January 28, 2021, and filed on February12, 2021.
Analysis of Regulatory Impact:
The regulation defines the value of a small estate for the purposes of probate and use of a simplified small estates procedure set out in the Rules of Civil Procedure. Defining the value of a small estate will not create any new administrative costs for businesses.
Summary of Proposal:
MAG has filed Regulation 110/21 (Small Estates) to:
• Prescribe the maximum value of a small estate for the purposes of the Estates Act as $150,000.
Ministry of the Attorney General
Corporate Policy Unit
720 Bay Street, 7th Floor
Toronto, ON M7A 2S9
April 1, 2021