These rollovers include RESPs (provided the plans share a common beneficiary), and RRSPs, RRIFs and certain lump - sum amounts paid from registered pension plans (provided the plan holders are the beneficiary's
deceased parents or grandparents).
Not exact matches
I do not think the equal share concept is valid, even if the goal is to maintain family harmony; since often the beneficiaries are adult children they should be able to restrain their greed and envy, and respect the decisions of the
deceased trust owner (s, proably their
parents and /
or grandparents.
At death, the
parent or grandparent is able to roll over their RRSP
or RRIF to an RDSP of an eligible individual (child
or grandchild) who was financially dependent (due to their infirmity) on the
deceased at the time of the
deceased's death.
If there is no spouse
or children, the
parents, siblings, and
grandparents of the
deceased are next in the order of beneficiaries.
(a) In this article, «close relative of a
deceased person» means the
grandparent,
parent, spouse,
or adult brother, sister,
or child of a
deceased person.
In the event the court has terminated a surviving
parent's rights,
or changed the terms of the decree post-divorce to award full custody to the
deceased parent, California law allows third parties — such as
grandparents or other relatives — to intervene.
This can be extremely confronting, hurtful and emotional; particularly in situations where we have been removed from our lands, taken from our families and /
or are relying on stories told by our
deceased parents and
grandparents.