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Old 03-19-2018, 11:53 AM   #1
Raekwon
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Join Date: Nov 2007
Location: Airdrie, Alberta
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Default Question on Estate after death

Looking for a definitive answer regarding Mutual Funds/ RRSP after death. I understand that when a person dies their funds are liquidated 1 min before death so Mutual Funds would be pulled out in full and transferred to the estate. In this example I will say this fund has no beneficiary and will go through probate and the estate will have to pay the taxes on the amount.

Everything correct so far?

My question is regarding the banks taking taxes prior to the transfer to the estate, I was under the impression that they sent the full amount and taxes would be paid from the estate when they were filled? Can they even take taxes off and why would they?

I'm sure I will have follow up questions
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