Barney has a segregated fund that names his sister Margaret as the beneficiary. Barney has appointed...
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Barney has a segregated fund that names his sister Margaret as the beneficiary. Barney has appointed his brother Victor as his power of attorney (POA). Victor meets with Barney's insurance agent to make some changes to Barney's segregated fund contract. Which of the following are changes that Victor would be allowed to make? i. making Barney's estate the beneficiary ii. withdrawing a portion of the segregated fund iii. naming himself as the contingent beneficiary iv. surrendering the segregated fund contract i and ii i and iii ii and iv iii and iv Barney has a segregated fund that names his sister Margaret as the beneficiary. Barney has appointed his brother Victor as his power of attorney (POA). Victor meets with Barney's insurance agent to make some changes to Barney's segregated fund contract. Which of the following are changes that Victor would be allowed to make? i. making Barney's estate the beneficiary ii. withdrawing a portion of the segregated fund iii. naming himself as the contingent beneficiary iv. surrendering the segregated fund contract i and ii i and iii ii and iv iii and iv
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i and ii EXPLANATION A power of attorney gives the designated individual the authority to m... View the full answer
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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