Deemed Disposition:
Means the Revenue Canada deems that you have disposed of all your assets on your death. Any capital gains would be deemed realized and tax would therefore be due.

Deferred Gift:
A charitable donation which you would arrange now for payment sometime in the future. The payment generally occurs after death.

Dependent Life Insurance:
Group life insurance made available to group members to cover dependents of the group member.

Devise:
A disposition of land by will.

Devolve:
Pass by transmission or succession.

Disability:
The inability, due to illness or injury, to continue to work. Definitions of “disability” vary from contract to contract, and whether or not your policy will pay you benefits may well hinge on how it defines disability. Most contracts will define disability according to one of four types. Refer to the following definitions for disability: Own Occupation; Regular Occupation; Any Occupation; and Total and Permanent.

Disability Income Insurance:
Compensates the insured for a portion of the income they lose because of a disabling injury or illness. Refer to disability.

Disclosure Statement:
A document filed by the executor or administrator with the applicable provincial probate fees department.