Putting ARF into surviving spouse's name after probate

[JimmyB99]

Just wondering, after probate is granted, is there a time limit for putting the ARF in the surviving spouse's name?

 

[Conan]

Ideally you should specifically bequeath the ARF to your spouse (so it doesn't just fall into the "residue") .
On death, the ARF provider will likely require proof of bequest (perhaps Probate) before transferring ownership.
Once Probate is granted, it should not take long, a matter of a few weeks.

 

[JimmyB99]

Thanks Conan,
What I wondering is whether, after probate is granted, the new ARF must be put in place (in the surviving spouse's name) within a certain amount of time. The surviving spouse would ideally prefer not to be subjected to the imputed distribution this year if possible.

 

[fistophobia]

You don't need probate to do this.
I recently moved ARF to surviving parents name, both SL and Zurich. There was no problem.

 

[JimmyB99]

Thanks fistophobia,

What was the process? Did you have to set up a new ARF for the survivor? Did you need to involve an intermediary?