Keith Masterman, LLB, TEP is vice-president, Tax, Retirement and Estate Planning at CI Investments. He can be reached at firstname.lastname@example.org.
Segregated funds are often seen as useful for minimizing potential estate administration fees.
The courts have ordered proceeds to be paid to someone other than the designated beneficiary.
Many people do not realize that a trustee faces a myriad of legal and fiduciary responsibilities.