What is the test for designation of a beneficiary when a beneficiary dies?
Ontario, Canada
The following excerpt is from Kavanaugh v. Knol, 2006 CanLII 815 (ON SC):
In the decision of Stewart v. Nash et al., the court held that since the designation of beneficiary took effect upon the death of the benefactor, the test was the same as that for testamentary capacity. I agree that the test is the same.
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