Bill 7: Intestate Succession Act

This bill primarily affects individuals and families rather than businesses directly, but estate lawyers, notaries, and financial planners in Prince Edward Island will need to update their practice knowledge and client advice to reflect the new distribution rules. Accountants and administrators handling deceased estates — particularly those involving blended families, separated spouses, or prior gifts to descendants — will follow revised procedures for calculating shares. Executors and trustees managing PEI real property for out-of-province deceased persons will need to apply PEI law regardless of where the deceased lived. The bill has little direct impact on day-to-day business operations but is relevant to any professional or service provider involved in estate administration on the Island.