Thursday, April 20, 2017

LawFact of the Day: Wills and Estates

Here is your daily LawFact from Wise Law Toronto for Thursday April 20, 2017.

Today we are talking about Wills and Estates.

Life insurance policies that designate a beneficiary become that beneficiary's property on the day the insured dies.

They don't become part of the insured's estate and they are not subject to estate tax.
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- Garry J. Wise, Toronto
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