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Provincial intestacy legislation may not always fit each client's specific situation. In the case of an intestacy, which of the following statements would be FALSE?
Provincial intestacy legislation may not always fit each client's specific situation. In the case of an intestacy, which of the following statements would be FALSE?
- The transfer of the distributive share to the deceased's child could lead to financial difficulties for the surviving spouse.
- The child who receives a distributive share might not be mature enough to handle the inheritance.
- Assets might pass to an ex-spouse if the child beneficiary dies.
- RRSPs with a named beneficiary might instead be distributed according to the intestacy rules.
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