Here's a puzzle:
A will provides for a cash legacy to a minor, to be placed in a trust until the minor beneficiary attains the age of majority.
The trust is established by the will in the place of death (Ontario), where the age of majority is 18.
The beneficiary is a resident of New York, where the age of majority is 21.
At what age does the beneficiary receive the capital distribution from the trust?
A will provides for a cash legacy to a minor, to be placed in a trust until the minor beneficiary attains the age of majority.
The trust is established by the will in the place of death (Ontario), where the age of majority is 18.
The beneficiary is a resident of New York, where the age of majority is 21.
At what age does the beneficiary receive the capital distribution from the trust?
