Children’s Trust Funds
Dunning PlaCe
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Children’s Trust Funds
This booklet has been developed to help parents and guardians
understand the role and responsibilities of the Public guardian
and Trustee. it is intended to address a broad range of
questions, and may not deal with specific issues with respect to
your child’s trust. if you would like any additional information,
please feel free to contact the Public guardian and Trustee.
Introduction
The Public guardian and Trustee operates under provincial
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law to protect the legal and financial interests of children.
This includes reviewing and approving personal injury and
The Fatal Accidents Act settlements, monitoring executors
of estates with minor beneficiaries, and monitoring trustees
who are holding money in trust for children. The Public
guardian and Trustee ensures that children are properly
represented in legal actions where the child is in the care
of the province or where the child’s interests are in conflict
with those of the parent or guardian, or where there is no
guardian.
in addition, the Public guardian and Trustee receives and
administers funds to which children are entitled.
When does the Public Guardian and Trustee
get involved?
in Saskatchewan, the parents of a child are the property
guardians for their child. However, they do not have the
authority to hold money to which their child is entitled unless
they have furnished security with the Court, or obtained a
court order dispensing with the need for security.
The Public Guardian and Trustee Act gives the Public guardian
and Trustee the authority to receive and administer funds to
which a minor is entitled, if a parent has not been given that
authority by the Court.
Some circumstances where the Public guardian and Trustee
will receive money for a child are:
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Permanent impairment, loss of studies, wage replacement
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or death benefits payable by Sgi;
Proceeds from a lawsuit related to an injury claim or
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The
Fatal Accidents Act claim;
life insurance