In what way will the Hayashis benefit if they name their children the alternate direct beneficiaries of their RRSPs or DPB, assuming that their children are financially independent adults at the time of inheritance? These registered accounts can be rolled-over on a tax deferred basis. These registered plans will not be subject to probate. The balance in these registered plans will be taxed at the children's marginal tax rate. There is no benefit to naming them alternate direct beneficiaries of these registered plans