The spousal equivalent of an alter ego trust.
In Islamic law
Same consequence — it removes assets from the pool the shares apply to.
In Canadian law
Holds assets for the benefit of both spouses during their lives, passing outside the estate on death.
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:
- Who can be trustee ontario estate
- Cottage in family trust 21 year rule planning
- Can buyer walk away over distrust even if numbers are accurate
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 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
- Public guardian trustee last resort ontario — Treadstone Law
- Odsp trust exemption limit non henson ontario — Treadstone Law
- Ontario salary dividends family trust — Treadstone Law
- How long can a trust last in ontario — Treadstone Law
- Hst deemed trust rule ontario — Treadstone Law
- Wills & estates practice — Treadstone Law