Naming Beneficiaries: What You Can and Can’t Do Outside of a Will
Recently, a client came to our office distressed after discovering her late father’s RRSP had gone to his ex-wife instead of his current family. Despite having a recently updated will that left everything to his children, he had never changed the beneficiary designation on his RRSP after his divorce 20 years ago. This situation, while heartbreaking, is far more common than you might think.
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