• Contingent beneficiaries

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    A trust estate can still be a family trust estate if, in the event of the death of a family member, one or more individuals benefit or are capable of benefiting under the trust. These persons must, however, be:

    • non residents
    • children of the deceased family member.

    If all beneficiaries die, the trust estate can still be a family trust estate if there are one or more funds, authorities or institutions covered by section 78 - the gift provisions - of the Act that would benefit or be capable of benefiting under the trust.

    Last modified: 05 Dec 2006QC 18000