Successor Annuitant vs. Beneficiary: RRIF Options Upon Death

 The handling of an RRIF upon death depends on successor annuitant or beneficiary designations, each with distinct tax and continuity implications. LifeBuzz explains that successor annuitants maintain accounts while beneficiaries receive payouts with account closure. Strategic designations, paired with life insurance, enhance estate optimization and family protection during inheritance.


What Happens to Your RRIF When You Die?



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