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EP # 169 | Beneficiaries, Successors & Your Retirement Accounts: How to Get It Right Before You Retire
Naming beneficiaries and successors might seem simple, but one wrong designation can lead to tax headaches, probate delays, or unfair outcomes for your heirs. In this episode, Joe Curry explains how to properly name beneficiaries across your RRSPs, RRIFs, TFSAs, and non-registered accounts — and how to avoid common estate planning pitfalls that could cost your family thousands.
Key Takeaways
Beneficiary vs. Successor — know the difference.
A beneficiary receives the account value after death, while a successor (available only to spouses) continues the account tax-free and without…
The skinny
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