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Is legal guardian same as parent?

Guardians act as parents, ie it is their responsibility to raise and care for a child until they become an adult. The role includes making decisions that are in the childs best interests and managing the childs financial assets.

Can a minor inherit property in Ontario?

A child might be entitled to money or property if they are: named as a beneficiary in a will or trust. entitled to share in an estate under the law because the deceased died without a will. named as a beneficiary of a life insurance policy or a registered plan.

What happens if you inherit a house under 18?

A beneficiary of an estate can be a minor. However when someone is under 18, they are seen to lack the capacity to inherit a gift under a Will, and therefore are not entitled to receive or accept the gift or share of estate until they docHub the age of 18.

Can a minor inherit a house Ontario?

In Ontario, a minor child (under 18) is not entitled to directly inherit funds.

Can a sibling be a legal guardian Canada?

Usually, a childs parents are their guardians. But other people, including siblings (brothers and sisters), can apply to court to become a guardian if theyre 19 or over.

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