The moment a beneficiary's interest becomes fixed.
In Islamic law
Faraid shares vest at the moment of death, which is why munasakha is needed when an heir dies during administration.
In Canadian law
A will may postpone vesting until a beneficiary reaches a stated age. Until then the interest is contingent.
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:
- Discretionary vs fixed interest trust ontario
- Contingent beneficiary ontario
- Contingent alternate beneficiary designation 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
- Discretionary vs fixed interest trust ontario — Treadstone Law
- Contingent beneficiary ontario — Treadstone Law
- Contingent alternate beneficiary designation ontario — Treadstone Law
- Wills & estates practice — Treadstone Law