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a . Marybeth is concerned that the majority of her and her husband's wealth is registered in Kyle s name only. She has asked you
a Marybeth is concerned that the majority of her and her husband's wealth is
registered in Kyles name only. She has asked you privately what her financial
rights would be in the event of a divorce or if Kyle should die and bequeath all of
his assets to someone other than her. She lives in a province that has a deferred
community of property regime.
b Whom could Kyle name as a beneficiary of his RRSP to ensure that the funds
would not be taxable on his final return?
c Suppose that Kyle, Marybeth and Audrey were all killed simultaneously in a car
accident. Based on their existing estate plan, how would Kyle and Marybeths
estate be distributed?
d If Kyle wants to maximize tax efficiency at retirement, what should be his
priority?
e What can Kyle do to minimize probate fees payable upon his death, without
incurring a tax liability now?
f Suppose Kyle uses his will to leave his share of the house to Nora, and he changes
the beneficiary designation on his selfdirected RRSP to Audrey. What are the
implications.
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