The date assets are valued for estate purposes — normally the date of death.
In Islamic law
Faraid likewise fixes entitlement at the moment of death; what changes afterwards is value, not share.
In Canadian law
Later movements in value fall on the beneficiaries rather than changing the entitlement.
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:
- What is valuation date matrimonial home
- Departure tax valuation challenged later by cra
- What assets included in ontario probate estate value
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.
- What to do when someone has died — Canada Revenue Agency
- What is valuation date matrimonial home — Treadstone Law
- Departure tax valuation challenged later by cra — Treadstone Law
- What assets included in ontario probate estate value — Treadstone Law
- Locating will and assets after death ontario — Treadstone Law
- Wills & estates practice — Treadstone Law