The person who receives capital after a life interest ends.
In Islamic law
Deferring an heir's capital share raises the same questions as a life interest.
In Canadian law
Holds a future interest that vests on the death of the life tenant.
Making an Islamic will in Canada — province by province, and what makes one valid where you live →
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:
- Life interest beneficiary death trust tax year end
- Life insurance capital dividend account shareholder death ontario
- Cottage capital gains tax death 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
- Life interest beneficiary death trust tax year end — Treadstone Law
- Life insurance capital dividend account shareholder death ontario — Treadstone Law
- Cottage capital gains tax death ontario — Treadstone Law
- Wills & estates practice — Treadstone Law