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Padre J Roulston

Legal Help

3 posts in this topic

So I'm in a bit of a conundrum here, and I'm hoping that someone here can shed some light...

 

A grandfather has bought some shares in my company, and now wishes to transfer those shares to his grandkids in trust. The kids' parents do NOT want the kids to have the shares in any way shape or form. 

So what I want to know is: can the grandfather still transfer the share ownership to the kids in trust without the parent's permission?

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Been a while since I was in law school, but here's what I recommend:

The shares can be put in trust and given to the kids when they are the age of majority, i.e., 18 in Canada.   The parents cannot stop something devolving to their adult children.

Padre J Roulston likes this

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