If a beneficiary is named, the segregated fund investment may be exempt from probate, executor’s fees and legal fees, and pass directly to the beneficiary. If the named beneficiary is a family member (such as a spouse, child, or parent), the investment may also be secure from creditors in case of bankruptcy. These protections apply to both registered and non-registered investments. This can be a substantial savings for your beneficiaries and therefore helps complete your wishes in a better way.