One of my clients, a widow, died in February. She named beneficiaries for her TFSA and her RIF. Will those flow directly to the beneficiaries, or will the constitute part of the Estate?
In addition she created Joint Ownership of her considerable investment portfolio with herself and three of her children, though she retained control prior to death and declared all of the income. She has one other child, a mentally disabled older son, who is a ward of the Public Trustee in Ontario. Am I correct in concluding that the investment portfolio flows into the Estate in its entirety?
Thank you so much snoplowguy. If you are ever in beautiful downtown Shawnigan Lake I’ll buy the coffee/beer/whatever.
1757 Shawnigan Mill Bay Road
Shawnigan Lake, BC, Canada
- This email and any files transmitted with it are confidential and intended solely for the use of the individual or entity to whom
they are addressed. This message contains confidential information and is intended only for the individual(s) named. If you are not the named addressee, you should not disseminate, distribute or copy this email. Please notify the sender immediately by email
if you have received this email in error and delete this email from your system. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly