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Which of the assets listed would be controlled by amal will

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Reference no: EM132972012

Amal meets with you to discuss his estate plans. He has an appointment next week with a lawyer to prepare his will, but would like to discuss a few things with you first. Amal wants to know what is controlled by his will, and what is not.

Amal owns the following:

  • Registered Retirement Savings Plan (RRSP) with his ex-wife listed as beneficiary
  • Life insurance policy with his estate listed as beneficiary
  • Cottage owned in joint tenancy with his colleague at work

Tax Free Savings Account (TFSA) with his adult daughter listed as beneficiary

Problem 1: Which of the assets listed above would be controlled by Amal's will?

a) RRSP with his ex-wife listed as beneficiary
b) Life insurance policy with his estate listed as beneficiary
c) Cottage owned in joint tenancy with his colleague at work
d) TFSA with his adult daughter listed as beneficiary

Reference no: EM132972012

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