On the death of the accountholder, the JGBRS account will be treated in accordance with the applicable client account agreement and account opening forms. The account is subsequently held in the name of the successor accountholder(s) without requesting probate. *Although RBCDS does not require probate to allow the assets to pass to the successor accountholder(s), these assets may need to be included in an application for probate should the executor of the deceased accountholder apply for probate or should a third party make a claim. Discuss this matter with a qualified legal advisor before opening a JGBRS account.

Your successor accountholders will receive the assets from the JGBRS account without going through the normal estate settlement process, which can be lengthy. They will receive gifted assets faster and the assets will not be subject to probate. If you open this account with multiple successor accountholders, your assets will be gifted upon your death in equal shares to the successor accountholders.

Since the ownership of the Account and assets remains with the Accountholder, only the Accountholder is entitled to give instructions with respect to the Account, trade on the Account or make withdrawals. The Accountholder is able to retain control of the Account and assets in it during his/her lifetime.