Glossary for Preparing Your Will: Difference between revisions
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(Created page with "{{DEMOWARNING}} {{Writing Your Will TOC}} ;assets What you own. Assets can include things such as money, land, investments, andpersonal possessions such as jewelry and furnit...") |
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{{Writing Your Will TOC}} | {{Writing Your Will TOC}} | ||
;assets What you own. Assets can include things such as money, land, investments, andpersonal possessions such as jewelry and furniture. | ;assets: What you own. Assets can include things such as money, land, investments, andpersonal possessions such as jewelry and furniture. | ||
;beneficiary: Person or organization you leave something to in your Will. | ;beneficiary: Person or organization you leave something to in your Will. | ||
;codicil: A document made after the Will that changes some things in your Will. | ;codicil: A document made after the Will that changes some things in your Will. | ||
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;RRIF: The Registered Retirement Income Fund plan is designed to provide people with a constant income flow through retirement from the savings in their RRSPs. | ;RRIF: The Registered Retirement Income Fund plan is designed to provide people with a constant income flow through retirement from the savings in their RRSPs. | ||
;RRSP: Registered Retirement Savings Plan is a legal trust registered with the Canada Revenue Agency and used to save for retirement. | ;RRSP: Registered Retirement Savings Plan is a legal trust registered with the Canada Revenue Agency and used to save for retirement. | ||
: | ;spouse: Someone married to another person, or: | ||
(b) has lived with another person | (b) has lived with another person | ||