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Ask Nancy: Should I be worried about the health crisis impacting the investment value of my mother's estate


The Globe and Mail
Nancy Woods
Published April 19, 2021
Hello,
My mother passed in December of 2019. On Jan. 26, 2020 I was the last of the four kids to sign off on the disbursal of funds. In the telephone meeting with the Estates department that day, I was told a period of a few weeks would be all that was required to close out and disburse my mother’s estate. With this global health crisis, I am increasingly concerned that the lifetime of savings by my parents is being severely depleted in the current market, and my questions are: are my fears justified? At what point is the final value of my mother’s LIRA and RRIF accounts determined for disbursement value to the beneficiaries? Is it a set time after her death, and a set time after the disbursement arrangements have all been made? Or is the estate still an active investment and potentially losing its value over all this time while probate is held up in a locked-down justice system, unable to process the f ....

Estates Department , Nancy Woods , தோட்டங்கள் துறை , நான்சி வூட்ஸ் ,

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Estate Planning , Bank Account , Payable On Death Designee , Joint Ownership Of Bank Accounts , எஸ்டேட் திட்டமிடல் , வங்கி எண்ணுதல் ,