DO NOT Make This Estate Planning Mistake! (RRSP Beneficiaries)

Learn more about our services: https://www.parallelwealth.com/planning

If you have a TFSA and/or RRSP, it's wise to name a beneficiary...but who should it be? If you have a spouse or common law partner, it's a much easier decision, but what if you don't? I'm seeing a lot of people name the wrong beneficiary that is creating a lot of issues in their Estate plan when they pass away...so let's fix that!

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your retirement plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning

Financial Resources I personally recommend:
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Investing Academy - https://bit.ly/ParallelAcademy
Free Credit Report with Borrowell: https://bit.ly/borrowellPWFG
Retirement Income for Life: Getting More without Saving More (Second Edition): https://amzn.to/3v5j2to
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OUTLINE
0:00 - Intro
0:23 - TFSA Successor Holder
1:02 - RRSP Beneficiaries
1:35 - Children As Beneficiaries
3:40 - Probate
4:31 - Quebec
5:00 - Importance of Estate Plan

This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.

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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.