Protecting a child’s financial future requires more than good intentions—it demands a clear legal strategy. In Canada, minors (those under 18) cannot manage inherited property on their own. That’s why the law, the courts, and responsible adults must work together to protect the rights of young beneficiaries. Canadian estate law outlines strict procedures for how children can receive, hold, and benefit from inheritance, safeguarding their interests every step of the way.
Under Canadian law, minor children have the same legal right to inherit as adults—whether named in a will or as beneficiaries under intestate succession. If a parent dies without a valid will, the law ensures that the child is still recognized and included. Each province has legislation to protect a child's right to be supported from a deceased parent's estate (e.g., Family Law Act of British Columbia https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/09013_01). These laws are designed to uphold fairness, even in difficult family circumstances.
Because children cannot legally manage assets, safeguards must be in place. In most cases, one of the following arrangements is used:
These measures protect the child from financial mismanagement or exploitation.
Parents can name a guardian in their will to manage a child’s inheritance. If no guardian is named:
Guardians cannot use inherited funds for themselves unless specifically authorized in the will or trust or approved by the court.
A trust is one of the most secure ways to protect a child’s inheritance. Through a will or separate trust agreement, you can specify:
Trusts reduce the risk of misuse and ensure that funds are used in the child’s best interests.
Canada does not have a federal inheritance tax, but inherited property can still trigger tax obligations:
To avoid unnecessary loss of value, it’s wise to work with a lawyer or accountant skilled in estate planning and tax law.
If a parent passes away without a valid will:
Without a will, things become more complicated—legal guidance helps prevent costly errors or disputes.
An estate lawyer’s involvement ensures:
Solid legal preparation is the best way to protect a child’s financial future.
When a minor inherits money or property, they can’t manage it on their own. That’s where a guardianship lawyer steps in—to ensure everything is done according to law and in the child’s best interest. Whether you’re planning your estate or navigating an inheritance issue, professional legal support matters.
A guardianship lawyer will:
A legally valid will allows you to:
Your lawyer will ensure all of this is written clearly and complies with your province’s estate laws.
Inheriting as a minor requires a different process than adult inheritance. A children’s inheritance lawyer in Kelowna or your local area will help determine:
Legal guidance offers clarity in what can feel like an overwhelming situation.
Getting the right advice early helps:
A lawyer experienced in both estate and family law can:
It’s not just about legal documents—it’s about building a stable future with both heart and foresight.
At FireBird Law, we offer full legal services for families planning inheritance or managing a child’s estate. Our team can help with:
You don’t have to face this process alone. Let’s build the legal protection your child deserves.