Posts Tagged ‘Estate Planning’

My husband’s mother and step-father were each in their third marriage when I met them. My mother- in-law had two children from her second marriage (my husband and his brother), and my father-in-law had two children from each of his first two marriages. When my father-in-law passed away, his estate avoided probate because his assets…

Q. I will soon be converting my RRSP into a RRIF. Currently the beneficiary is my estate. I was told I could save money if I named my children as equal beneficiaries. What are the tax implications of doing this? When there is no “qualified” beneficiary – i.e. spouse or dependent child or grandchild –…