What happens to the money in a bank account if the holder passes away?
In this episode of My Widowed Life, Palma speaks with Richard Dri, financial planner at Scotia McLeod about issues that can arise if bank accounts aren’t updated. Plus, gain insight into the current state of the Canadian economy and its effects.
Listen in as they discuss:
- What are interest rates and why do they increase and decrease
- The difference between a TFSA and an RRSP account
- How to properly ensure the surviving spouse receives funds and reduces taxes
- And more
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Connect with Richard Dri:
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