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.
For more information on Employment Law, Family Law, Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net
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.
For more information on Employment Law, Family Law, Wills, Estates, and Estates Litigation, visit our website at www.wiselaw.net
- Garry J. Wise, Toronto
Visit our Toronto Law Office website: www.wiselaw.net
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