Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Monday, September 8, 2014
How an executor should handle life insurance proceeds
Posted by
Lynne Butler, BA LLB
Here is a brief but very useful article from James Dolan at advisor.ca that talks about how an executor handles life insurance policies in an estate administration. It has realistic tips and information, and even touches on whether or not an executor is obligated to help a beneficiary who is designated by a policy. Click here to read it.
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Lynne, What about using a Testamentary Insurance Trust. What are the specifics to that process and does that not allow for the Will to speak to the distribution of the insurance proceeds and also bypass the estate for probate purposes
ReplyDeleteGoogle brought me to a page on your site where the comments are full - but wonder if you can help.
ReplyDeleteI am an executor in UK and UK IHT has been paid but a beneficiary is in Canada - will Canada want to levy more tax?