If your assets such as life insurance, annuities, or RRSPs already have a named beneficiary, they will be transferred independently of your will.

Name: If your assets such as life insurance, annuities, or RRSPs already have a named beneficiary, they will be transferred independently of your will.
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Question

Quizplus · Accepted Answer

Assets with named beneficiaries bypass the probate process and are transferred directly to the designated beneficiaries upon the death of the account holder, regardless of what is stated in the will.

If Your Assets Such as Life Insurance, Annuities, or RRSPs