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BMO survey: most Canadians will hold children’s inheritance in trust

According to the report, more than half of children (53%) will receive their inheritance in one lump. Photo credit: Tom Curtis
According to the report, more than half of children (53%) will receive their inheritance in one lump. Photo credit: Tom Curtis

More than two-thirds of Canadians say their children's inheritance will be held in trust until the children reach a certain age, with one-third placing that age between 22 and 30, according to new research.

BMO Harris Private Banking, Toronto, published this finding in a summary of results from an estate planning study that examines Canadians' intentions and expectations for their wills.

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Nichole Morford

Nichole Morford
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