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Beneficiary in a will

Lee Cawiezel (Drumheller)

Settling dads estate. The will states assets will be split between two brothers. One is listed as beneficiary. Can he keep all assets or has to split as will states

0 74 days ago

Reena Herian - Accord Family Law (Edmonton)
   Society President

The will must be followed. If the will states assets will be split between two brothers, then they are both beneficiaries.

0 73 days ago

Anonymous Lawyer (Edmonton)
   Verified Lawyer

This is a bit confusing - where is the one brother listed as beneficiary, if the will states that the assets will be split between two brothers? Note that some assets don't form part of the estate, and may not be governed by the will, depending on how the will is drafted - for example, RRSPs with a designated beneficiary generally will not form part of the estate (there may be exceptions, and you should ask a lawyer to review the will and any assets with designated beneficiaries).
This is a difficult question to answer without specifics.


0 73 days ago

Lee Cawiezel (Drumheller)

the assets are 3 registered accounts, one is a tax free account. my brother is listed as beneficiary, yet both of us are listed on will to split equally. with these 3 accounts can any money be taken out before estate is finalized, something like interim distribution

0 72 days ago

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