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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:
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 beneficiaryb) Life insurance policy with his estate listed as beneficiaryc) Cottage owned in joint tenancy with his colleague at workd) TFSA with his adult daughter listed as beneficiary
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