Question
Jet, age 44, died suddenly in an accident. He leaves behind his spouse, Reggie and their three teenage daughters, Ryan, Ryland and Rebecca. Jet did
Jet, age 44, died suddenly in an accident. He leaves behind his spouse, Reggie and their three teenage daughters, Ryan, Ryland and Rebecca. Jet did not have a will and leaves behind the following assets:
House $1,155,072 (Joint ownership with Reggie)
Life Insurance $515,383 (Beneficiary: Estate)
TFSA $74,116 (Beneficiary: None)
RRSP $397,735 (Beneficiary: Reggie)
Assuming that Jet and Reggie live in Ontario, how much will each daughter inherit from his estate? Round your answer to the nearest dollar. Do not include symbols or signs.
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In Ontario the rules of intestate succession determine how an estate is distributed when an individu...
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South-Western Federal Taxation 2020 Comprehensive
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
43rd Edition
357109147, 978-0357109144
