Beneficiary designations: Are they now safe?

By Richard Worsfold and Cassandra Fafalios (December 9, 2022, 1:30 PM EST) -- It has been over a year since Justice Michael McKelvey of the Ontario Superior Court in the decision of Mak (Estate) v. Mak, 2021 ONSC 4415 potentially rescued the financial services industry and estate planners from years of litigation by stating clearly that, in his view, the doctrine of resulting trust should not apply to a beneficiary designations made on a financial instrument such as an RRSP or a TFSA....