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Old 02-12-2024, 07:21 PM   #25
firebug
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Join Date: Aug 2002
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Quote:
Originally Posted by opendoor View Post
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.
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).
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