Public Guardian and Trustee
The Public Guardian and Trustee Act gives the Public Guardian and Trustee the responsibility to protect the property of persons who do not have the capacity to manage their own financial affairs. A minor (a person under the age of eighteen) does not have this capacity.
The Public Guardian and Trustee will:
A minor may acquire property from life insurance proceeds, death benefits, injury payments, gifts and bequests from estates. However, in Saskatchewan a minor does not have legal capacity to do certain things to manage this property, such as sign a contract. It is the parents' responsibility to protect their children's financial interests and to act as their property guardians. If they do not, the Public Guardian and Trustee can provide that protection.
Although parents are the property guardians of their children, they cannot hold funds for the child without a court order. If there is no court order issued, then the Public Guardian and Trustee must hold those funds for the child.
This website provides information, not legal advice. For advice about your specific situation, please consult a lawyer.