Rebecca, age 53, died suddenly of a heart attack. She leaves behind her husband Chris and her three teenage sons, Calvin, Cameron and Craig. Rebecca does not have a will and leaves behind the following assets: House $800,000 (Joint Ownership with Chris) Non-registered Portfolio $273,593 (Individually owned) RRSP $370,068 (Beneficiary: Chris) Life insurance $309,927 (Beneficiary: Estate) Assuming that Rebecca lives in Ontario, how much will each of her sons inherit from her estate? Round your answer to the nearest dollar.

icon
Related questions
Question

Rebecca, age 53, died suddenly of a heart attack. She leaves behind her husband Chris and her three teenage sons, Calvin, Cameron and Craig. Rebecca does not have a will and leaves behind the following assets:

  • House $800,000 (Joint Ownership with Chris)
  • Non-registered Portfolio $273,593 (Individually owned)
  • RRSP $370,068 (Beneficiary: Chris)
  • Life insurance $309,927 (Beneficiary: Estate)

Assuming that Rebecca lives in Ontario, how much will each of her sons inherit from her estate?

Round your answer to the nearest dollar. 

Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer