US Citizen, Canadian Resident Executor/Trustee/Beneficiary

[kadkar]

Hello,

I understand that FBAR reporting is required when a US Citizen is named the Executor of their Canadian parent's will (even if the US Citizen is a Canadian Resident). Is the FBAR required if the US Citizen is now aware that they are a contingent Executor?

Is the FBAR required if the US Citizen is a contingent Power of Attorney? Or a trustee for a testamentary trust in their parent's will?

Lastly, does anyone know what the reporting requirements and/or tax implications would be for a US Citizen (Canadian resident) that is named Irrevocable Beneficiary on a Segregated Fund (Life Insurance based investments) policy?

Thanks in advance.