Final answer:
Among Rita's listed assets, only the RRSP with no named beneficiary will pass through her estate. The life insurance policy, TFSA, and home held in joint tenancy with her husband have designated beneficiaries or legal rights that bypass the estate.
Step-by-step explanation:
Rita is involved in estate planning, which includes deciding how her assets will be distributed after her death. Among the options presented, certain assets will bypass her estate and therefore not be subject to probate or be listed on her will, while others will pass through her estate. Here's a brief explanation for each item:
- Life insurance policy, naming her daughter as the beneficiary, will not pass through Rita's estate as it has a designated beneficiary.
- A TFSA (Tax-Free Savings Account) which names her husband Tom as the beneficiary, will also not pass through Rita's estate because it has a named beneficiary.
- An RRSP (Registered Retirement Savings Plan) on which she has not named a beneficiary, will pass through her estate and be included in her will by default since there is no designated beneficiary.
- Home held in joint tenancy with her husband Tom will not pass through Rita's estate. It will automatically pass to the surviving joint tenant, in this case, her husband, through the right of survivorship.
In summary, the asset that will pass through Rita's estate is the RRSP with no named beneficiary, as the life insurance, TFSA, and home held in joint tenancy have designated beneficiaries or operate under legal rules that transfer ownership directly upon death.