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.
No significant difference between the four Sunni schools is recorded on this point in the sources reviewed. 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:
- Qualifying spousal trust tax rules ontario
- Spousal trust second spouse death 21 year clock
- Estate trustee selling real estate below market value ontario
This entry is general information, not legal or religious advice. Inheritance turns on the exact family circumstances. Confirm Canadian law with a lawyer in your province, and any religious ruling with a qualified scholar.
Citations & sources
Every factual claim on this page traces to one of the references below. Legislation and dollar thresholds change — verify against the primary source before relying on any figure.
- T3 Trust Guide — Canada Revenue Agency
- Who holds deposit in trust ontario real estate — Treadstone Law
- Estate trustee indemnity insurance vs bond ontario — Treadstone Law
- Family trust income taxation canada ontario — Treadstone Law
- Spendthrift beneficiary trust ontario will — Treadstone Law
- Estate trustee compensation ontario — Treadstone Law
- Wills & estates practice — Treadstone Law