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Ontario|Wills & EstatesWills 148 Acquiring new things after a Will is written If your will contains a residue clause, you do not need to write a new will every time you acquire a new piece of property. A "residue clause" is a statement near the end of your will that names a person who will receive anything left over from your estate once all of the specific gifts have been made. It acts as a general safety net to make sure that nothing is left out of your will. It also includes anything that you acquire after you write your will. So, for example, even though you may not have a specific clause in your will that deals with your new car, it will be given to the person who is the beneficiary of the residue of your estate.
If you do not have a residue clause in your will, you should consult a lawyer about adding one.
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