Will Variation

Dictionary Says

Definition of 'Will Variation'

A provision that allows a surviving spouse and/or children to contest a will that does not make adequate provision for their maintenance and support. In Canadian estate law, a legally married spouse, separated spouse, a common law spouse (in certain instances and where the two people are cohabiting in a marriage-like relationship) and the children of a decedent have the right to contest a will if they feel they have not been provided for in the manner in which they had reasonably expected. If the challenge is upheld by a court, the will may be rewritten to provide adequate support for the involved parties.
Investopedia Says

Investopedia explains 'Will Variation'

The British Columbia Wills Variation Act allows a disinherited spouse or child to seek a revision of a will by challenging the will and seeking a redistribution of the assets of the estate. In the event that a spouse or child contests a will due to lack of support, a court must decide if the challenge is valid and if a revision to the will is appropriate. The court can direct a redistribution of the estate that is "adequate, just and equitable in the circumstances."

Related Definitions

Search results for

'Will Variation'

  • A Winning Memory-Of-Price Strategy Variation

    http://www.investopedia.com/articles/forex/08/memory-price-variation.asp
    ... First, let's discuss the basics of memory of price before we move to our variation. ...
    on the challenge to the double top, and it is unlikely that we will see a ...
  • CFA Question of the Week 19/07/2005 | Investopedia

    http://www.investopedia.com/professionals/questionoftheweek/cfa/190705.asp
    ... terms increases, coefficient of determination will increase as well. III. Coefficient
    of determination measures the proportion of the total variation in Y that ...
  • Is Your Personality Preventing Profitable Trades?

    http://www.investopedia.com/articles/pf/09/your-trading-personality-type.asp
    ... The Basic Principle Human variation means that, given the choice, people will gravitate
    automatically towards activities and professions that suit their ...
  • Ensuring That Your Trust Is Trustworthy

    http://www.investopedia.com/articles/retirement/11/ensuring-your-trust-trustworthy.asp
    ... the right people. There is considerable variation in the nature of service
    that trustees can and will provide. You should almost ...
  • How does a point change in a major index effect its equivalent ...

    http://www.investopedia.com/ask/answers/05/indexvsetf.asp
    ... the ETF that causes the variation in returns with the S&P 500's. For example, if
    all of the stocks in the index are up during the day, the index will also be ...
  • Live Longer, Retire Younger: Can You Do It?

    http://www.investopedia.com/articles/retirement/07/insureretirement.asp
    ... Inflation protection - where your income payments will increase based on the percentage ...
    However, some providers offer a variation of the product that includes ...
  • Scenario Analysis Provides Glimpse Of Portfolio Potential

    http://www.investopedia.com/articles/financial-theory/08/scenario-analysis.asp
    ... is concerned with trying to determine the probability that a future outcome will
    be something other than the mean value. One way to show variation is to ...
  • What are the components of the risk premium for investments?

    http://www.investopedia.com/ask/answers/05/componentsriskpremium.asp
    ... The greater the historical amount of variation between the two currencies, the greater
    the amount of compensation will be required by investors. ...
  • CDOs And The Mortgage Market

    http://www.investopedia.com/articles/07/cdo-mortgages.asp
    ... For example, by splitting a pool of bonds or any variation of different ... five and
    10 years, more investors with different investment horizons will be interested ...
  • Buying A Home: Get Properly Insured | Investopedia

    http://www.investopedia.com/university/home/home9.asp
    ... prices as there can be significant variation. (To learn more, read What To Do If
    Your Insurance Won’t Pay.) Impound Accounts Your lender will not only ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links