Probate Protection
If a beneficiary is named, the segregated fund investment may be exempt from probate and executor’s fees and pass directly to the beneficiary. If the named beneficiary is a family member (such as a spouse, child, or parent), the investment may also be secure from creditors in case of bankruptcy. These protections apply to both registered and non-registered investments.
Read more about this topic: Segregated Fund, Features
Famous quotes containing the word protection:
“Guns have metamorphosed into cameras in this earnest comedy, the ecology safari, because nature has ceased to be what it always had been—what people needed protection from. Now nature tamed, endangered, mortal—needs to be protected from people.”
—Susan Sontag (b. 1933)