Estate Matters. If you die before your Scotia Self-Directed RSP matures, we will pay the funds in it to your beneficiary, if any. If your spouse is the beneficiary, he or she may transfer the funds in your Scotia Self- Directed RSP to an RRSP, RRIF or annuity he or she owns. If you die before the funds in your Scotia Self-Directed LRSP or LIRA are transferred to a LRIF, LIF, life annuity or other permitted retirement income vehicle available under the applicable pension legislation, we will pay them to your spouse. This assumes that you have a spouse at the time of your death. Your spouse may transfer the funds to another LRSP or LIRA, or to a LRIF, LIF, life annuity or any other permitted retirement income vehicle available under the applicable pension legislation or, if permitted under applicable pension legislation, receive the funds in a lump sum cash payment. If you do not have a spouse when you die or, if your spouse has provided us with the waiver referred to in the first paragraph of Section 13 of this Agreement, we will pay the funds in your Scotia Self-Directed LRSP, LIRA or Federal RLSP, to your beneficiary, if any. You may designate your beneficiary in your will. Alternatively, in provinces where it is allowed, you may designate your beneficiary on a form acceptable to us and in accordance with applicable provincial legislation. You can change or revoke your designation at any time, either in your will or, if allowed, on a form that we accept. We will make payment to the most recently designated beneficiary of which we have notice, if you have made designations more than once. If, upon your death, the funds in your Plan are not payable pursuant to this Agreement to your spouse, and if you do not designate a beneficiary, your beneficiary dies before you, or your designation is not permitted by the province where you live, we will pay the funds held in your Plan to your estate. Before we make any payment, we need proof of your death and may need other documents. We will deduct any applicable taxes, fees and expenses from the payment.
Estate Matters. In your will, you may designate your spouse or common-law partner as the successor holder of your TFSA in the event of your death. Alternatively, in provinces where it is allowed, you may designate your successor holder on a form acceptable to us and in accordance with applicable provincial legislation. If you make such a designation, you agree that the successor holder will acquire all of your rights as account holder of this TFSA, including an unconditional right to revoke any beneficiary designation made, or similar direction imposed, by you under this TFSA or relating to property held in connection with this TFSA. Unless you have designated a successor holder as indicated in the first paragraph of this Section 10, when you die, we will pay the funds in your TFSA to your beneficiary, if any. In provinces where it is allowed, you may designate your beneficiary in your will. You can change or revoke your designation at any time, either in your will or, if allowed, on a form that we accept. We will make payment to the most recently designated beneficiary of which we have notice, if you have made designations more than once. If you do not have a successor holder and (i) you do not designate a beneficiary, (ii) your beneficiary dies before you, or (iii) your beneficiary designation is not permitted by the province where you live, we will pay the funds held in your TFSA to your estate. Before we make any payment, we need proof of your death and may need other documents. We will deduct any applicable taxes, fees and expenses from the payment.
Estate Matters. The provisions of the second paragraph of Section 12 of the main LRSP Agreement do not apply if you are not a former member of the pension plan from which the money in the LRSP directly or indirectly originated.
Estate Matters. Upon your death, the funds in your Scotia Self-Directed LIF shall be paid to your survivor (as defined in the Act) by
Estate Matters. Any distribution or delivery to be made to Participant under this Agreement will, if Participant is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, to the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (i) written notice of his or her status as transferee, and (ii) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.
Estate Matters. In all the provinces, the provisions of the second paragraph of Section 12 of the main LIRA Agreement do not apply if the money in your Scotia LIRA does not derive directly or indirectly from a pension benefit provided in respect of your past or current employment. In this event, upon your death, instead of paying the funds in your Scotia LIRA to your spouse, if any, we will pay the funds to your beneficiary or, if there is no beneficiary, to your estate. In Saskatchewan, upon your death, the transfers referred to in the second paragraph of Section 12 of the main LIRA Agreement that may be made by your spouse, include a transfer to a Saskatchewan PRRIF, but do not include a transfer to a LRIF or LIF.
Estate Matters. Will a death be treated the same way as a separation? Even if it is not, remember that a Will can be changed at any time at the decision of the individual. Your prenuptial agreement can only be changed with a further agreement between both you and your spouse. Therefore, if you want to ensure that you keep the home in the death of your new spouse, put it in your prenuptial. This issue is especially important to individuals approaching retirement, who have children, or anyone who wants to ensure that their intentions for estate matters match those of their spouse. This is not an inclusive list, and you may be concerned about a very specific issue. Contact a lawyer to receive specific information and advice that relates to your circumstances. To make the most of your investment of time and money with a lawyer, use the attached checklist to prepare for your meeting.
Estate Matters. Upon your death, the funds in your Scotia Self-Directed Group LRSP shall be paid to your survivor (as defined in the Act) by
Estate Matters. If you die before the payments from your MDFM RIF end, we will
