Life insurance and life insurance products are often used to provide for family members in the event of a death. However, have you considered what happens in situations where an estate does not have sufficient resources to pay its tax liability and there are named individuals as beneficiaries of a life insurance or segregated fund policy?
This webinar will focus on creditor protection for life insurance/insurance products and how an estate’s tax liability can impact that protection. The webinar will cover topics including:
- Creditor protection applicable to Life insurance and Segregated Funds Policies - Is there a difference?
- Review of Tax Court case law involving attempts by CRA to seize death benefits payable to named beneficiaries
- Estate tax liability and beneficiary obligations when dealing with registered accounts (RRSPs/RRIFs, etc)
- Best practices when making beneficiary designations and ensuring they are kept up to date
Advisors will receive information that will educate and position them as a key resource for their clients on this important topic.
.png?upscale=true&width=598&upscale=true&name=TRIIPSS%20EN-2021%20(1).png)
