Life insurance policies offer numerous advantages and opportunities to individuals and families as they plan their estate. The complexities of life insurance and life insurance laws, though, can cause confusion.
At the Toronto, Ontario, law firm of O'Sullivan Estate Lawyers we have helped many clients plan their beneficiary designations for their life insurance policies in conjunction with their estate planning. We can help you:
- Review your beneficiary designations
- Pass death benefits to beneficiaries outside of the probate process using life insurance
- Donate a charitable gift via the proceeds of a life insurance policy
- Advise on using a life insurance trust including under your will to split income earned on life insurance proceeds among family members
In addition to life insurance planning we can advise on planning beneficiary designations for your Registered Retirement Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) and other plans.
Firm founder Margaret O'Sullivan is a founding member of the Society of Trust and Estate Practitioners (Canada) and has held numerous leadership roles in the trusts and estate bar. Also engaged in trust and estate work at O'Sullivan Estate Lawyers are Susannah Roth and Claudia Sgro. Ms. Roth has practiced trust and estate law since being called to the bar in 2002, has spoken and written on various subject areas in trust and estate law and is a member of the Ontario Bar Association Trusts and Estates Executive Committee and the Council of the Ontario Bar Association. Ms. Sgro graduated with distinction from Osgoode Hall Law School, York University, receiving academic awards in tax, estate and trust law. She is a member of the Trusts and Estates Section of the Ontario Bar Association, and a student member of the Society of Trust and Estate Practitioners.
For more information about our firm and our life insurance planning services, contact us at 888-365-6235.
