Your client is preparing his estate plan and he is confused about how he can use beneficiary designations to implement his plan. Which of the following statements is $/$ are true?

i$)$ Your client can attach a beneficiary designation to any of his assets, including his RRSPs$,$ life insurance policies and his non$-$registered stock portfolio, to keep those assets out of his estate.

ii$)$ Your client names his wife as the beneficiary of his life insurance policy and they later divorce, the divorce will effectively revoke the beneficiary designation.

iii$)$ Your client can expedite the distribution of certain assets upon his death by making named beneficiary designations.

iv$)$ Your client registers his daughter as the beneficiary of his insurance policy with the insurance company, and he later drafts a will that names his wife as the beneficiary of that policy, the most recent designation will take precedence.

iii, iv

i$,$ iii

i$,$ ii$,$ iv

ii$,$ iii