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The Voice of the Legal ProfessionManaging the Beneficiary Designations of Incapable Personae: July 2013 Submitted to: Ministry of the Attorney General Submitted by: Ontario Bar Association Trusts
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What is managing form beneficiary designations?
Managing form beneficiary designations is a form used to designate beneficiaries for certain assets or accounts.
Who is required to file managing form beneficiary designations?
Individuals who have designated beneficiaries for assets or accounts are required to file managing form beneficiary designations.
How to fill out managing form beneficiary designations?
Managing form beneficiary designations can be filled out by providing the required information such as the beneficiary's name, relationship, and percentage of allocation.
What is the purpose of managing form beneficiary designations?
The purpose of managing form beneficiary designations is to ensure that assets or accounts are distributed according to the individual's wishes upon their death.
What information must be reported on managing form beneficiary designations?
Information such as the beneficiary's name, relationship to the individual, and percentage of allocation must be reported on managing form beneficiary designations.
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