Quote:
Originally Posted by opendoor
Unless you have a complex estate, it's often pretty easy to set things up so that when one spouse dies, there isn't a whole lot of hassle to handle everything. For anything that's held jointly with right of survivorship (real estate, bank accounts, etc.) or where you've named a successor/beneficiary (TFSA, RRSP, pension, etc.), that all passes directly to the survivor outside of the estate, so the will and probate don't really come into play.
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Yes, for most married couples this is the case but double check everything to be sure.
I handle a dozen applications a year where they thought that everything was jointly held but 'surprise' you were tenants in common (rather than joint tenants).