Does a father’s endowment policy create a legal estate in his own name?
Saskatchewan, Canada
The following excerpt is from Gee v. Gee, 1973 CanLII 848 (SK QB):
Again in Re Engelbach; Tibbetts v. Engelbach, [1924] 2 Ch. 348, the headnote states: “An endowment policy taken out by a person in his own name for the benefit of his daughter, to mature on her attaining a specified age, creates no legal estate in the daughter, and she cannot sue on the contract, nor does the assured thereby constitute himself a trustee for his daughter of the policy and of the moneys payable thereunder.”
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