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Difference between revisions of "Estate Administration (16:XI)"
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Estate Administration (16:XI) (view source)
Revision as of 03:47, 14 October 2022
, 03:47, 14 October 2022→G. Assets Passing Outside of Estate
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# Life insurance proceeds, for which a beneficiary or successor may be designated. If no designation has been made or the designated beneficiary or contingent beneficiary is not alive to receive the proceeds on the deceased's death, then the asset will form part of the estate. | # Life insurance proceeds, for which a beneficiary or successor may be designated. If no designation has been made or the designated beneficiary or contingent beneficiary is not alive to receive the proceeds on the deceased's death, then the asset will form part of the estate. | ||
# Assets held in joint tenancy with another will pass to the surviving joint tenant. | # Assets held in joint tenancy with another will pass to the surviving joint tenant. | ||
# A | # A Tax-Free Savings Account for which a beneficiary has been designated will not form part of the estate. If no designation has been made or the designated beneficiary or contingent beneficiary is not alive to receive the proceeds on the deceased's death, then the asset will pass through the estate. | ||
== H. Vehicles == | == H. Vehicles == | ||
