Practical, real-world information about wills, estates, inheritance, executors, and elder law in Canada
Tuesday, September 8, 2015
TFSA designations may cause estate problems
Posted by
Lynne Butler, BA LLB
I've come across a really good article about Tax Free Savings Accounts (TFSAs) and what happens when the owner of a TFSA dies. It's by Amin Mawani and appeared on www.advisor.ca. The article is a few months old but somehow I didn't see it before. Click here to read it. It gives a really good rundown on beneficiary designations and successor owners, and you'll probably find it eye-opening if you own a TFSA.
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