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If a mom with two children as an RRSP which is currently worth $90,000, and non-registered GICs of $105,000
If a mom with two children as an RRSP which is currently worth $90,000, and non-registered GICs of $105,000.
The mom want to make thing equal between the two kids. She assume that one of her children has heard about probate fees and believes the $15,000 of extra assets in the GIC will cover the probate fees, so both children will receive almost the same amount.
Is it possible to use the 15000 difference as probate from the child with the extra cash from GIC?
How can she spilt the will equally between both children?
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