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Will says “divide estate equally”. Life insurance has one named beneficiary. Can proceeds be made estate property?
If a parent dies and leaves a will that divides the estate equally, but also leaves a life insurance plan that names only one child as a beneficiary, can the other siblings force the life insurance ...
4
votes
1answer
682 views
Are insurance payouts taxable in Canada?
This is in reference to this question about life insurance but can apply to other insurance payouts. This would definitely affect how much to plan for.