A trust for someone 65 or older, holding assets outside the estate.
In Islamic law
Assets in the trust do not form part of the estate, so they are not divided by the shares unless the trust itself directs it.
In Canadian law
Allows a tax-deferred transfer during life and avoids probate on death. Available only from age 65.
We have not yet researched whether the four Sunni schools differ on this term, so we are not going to tell you either way. Where a specific case turns on it, ask a qualified scholar rather than relying on a general summary.
Canadian legal detail
Treadstone Law, an Ontario firm with a wills and estates practice, covers the Canadian side of this in more depth:
- Alter ego trust tax on death ontario
- What is alter ego trust ontario
- Alter ego trust avoid probate ontario
This is legal information only. For advice on your own circumstances, speak to a lawyer.
Citations & sources
Every factual claim on this page traces to a source below. Details change — check the original source before relying on any figure, fee or legal position. Anything under “further reading” is related material, not a source for what is stated here.
- T3 Trust Guide — Canada Revenue Agency
- Alter ego trust tax on death ontario — Treadstone Law
- What is alter ego trust ontario — Treadstone Law
- Alter ego trust avoid probate ontario — Treadstone Law
- Alter ego trust eligibility ontario — Treadstone Law
- Wills & estates practice — Treadstone Law