Épargne Placements Québec

Successions

Planning your succession

Are you concerned about the financial securtiy of your heirs? Do you want to plan how your savings and retirement products with Épargne Placements Québec will be divided?

If you want to designate an heir for one of your Québec savings and retirement products, you can do so in your testamentary dispositions.

What happens to your investments

At the death of a holder of Québec savings products, all his or her products become redeemable regardless of their maturity date.

In addition, at Épargne Placements Québec, all or part of your investments can be transferred to your heirs at the same conditons at which they were originally issued to you. This benefit applies regardless of the type of account in wich your products are held.

You are the liquidator of an estate

The role of liquidator is crucial and delicate. That is why we strive to keep our administrative procedures simple.

As liquidator, you must provide us with instructions regarding the investments held by the deceased. Heirs have two options: having the savings transferred to them or requesting a reimbursement.

  • Transfer of savings products to heirs: A deceased person’s investments can be transferred in whole or in part to the heirs, under the same terms and conditions as they were originally issued, for all types of accounts and products. This will allow the heirs to keep products with the same characteristics and continue to earn interest at the same rates. If the heirs already have an account with Épargne Placements Québec, we can transfer the investments to them according to the instructions we receive. Otherwise, the heirs must first open an account by calling an investment officer. The same applies to transfers to the estate’s account at Épargne Placements Québec.
  • Reimbursement of savings products: Investments can be redeemed, regardless of their maturity dates, at their current value. A personalized cheque made out to the estate and marked “void” should be submitted to request a reimbursement.

Required documents

In order to process the estate, you must send us the following documents using the secure electronic form.

  • The letter of instruction signed by the liquidator(s). Complete, print and sign the letter of instruction.
  • Proof of death, such as a copy of the act of death, attestation of death or certificate of death issued by the registrar of civil status, or the attestation of death issued by the funeral home.
  • The will or, if there is no will, the marriage contract with a testamentary provision or the declaration of heredity (notarized declaration or letter with an affidavit). If there has been an amendment to the will, please attach the codicil.
  • Certificates of search for wills issued by the Chambre des notaires du Québec and the Barreau du Québec.
  • Two identity documents for the liquidator (driver’s license, health insurance card or Canadian passport).
  • Documents of renunciation, appointment or death of a liquidator, if applicable. If a liquidator relinquishes his or her role or if a new liquidator is appointed, a document certifying this change is required. In the case of the death of a liquidator, proof of death is required.
  • For a request to redeem the investments, a personalized cheque specimen in the name of the estate marked “cancelled”.

Send estate documents
 

After transmitting documents

Once your documents have been successfully transmitted, you will receive an email acknowledging receipt of your request. If your request is incomplete or if some documents are not compliant, we will send you an email notification.

Retransmitting documents

If you have received a notice from us that some documents are not compliant, you must retransmit them using the secure electronic form below.

Retransmit documents

 

To learn more about the measures to take in anticipation of a death and the various elements to consider following a death, we invite you to consult the brochure Que faire lors d’un décès What to do in the event of death, published by Services Québec.