TrustsDiscover Experience that Builds a Legacy
We can assist with setting up and administering trusts and charities.
Making use of a trust as part of the client’s overall plan may be an option to meet the client’s needs, goals and objectives.
The trust may be:
- An inter vivos trust set up during the client’s lifetime (i.e. inter vivos trust, alter ego trust or joint spousal/partner trusts, prescribed rate loan trusts)
- A testamentary trust established in the client’s Will for a beneficiary with special and particular needs/circumstances (i.e. disabled beneficiary, elderly family member, financially improvident)
- A testamentary trust established in the client’s Will for beneficiaries who may be too young to inherit, or who may benefit from receiving their entitlement in stages
- An inter vivos/testamentary trust to deal with a particular asset (i.e. the family cottage, life insurance)
- A testamentary spouse trust to provide a financial safety net for a surviving spouse and also ensure that following the death of the surviving spouse, the remaining assets are distributed in accordance with the client’s wishes.
The advantages of a trust may resonate with the client:
- The privacy afforded by an inter vivos trust
- The reduction of Estate Administration Tax
- The ability to provide for an income stream and safety net for one beneficiary and ensure that the capital asset will pass to other beneficiary/ies
- The ability to preserve family harmony
Deborah focuses her practice on estates planning and administration law exclusively. On the estate planning side, Deborah provides advice and services to individuals and couples from all walks of life on a broad range of issues such as personal estate, tax, and incapacity planning, including review and preparation of wills, powers of attorney, and personal/family trusts and transfers of title. On the estates administration side, Deborah advises both individual and institutional executors, and attorneys for property, on their role and responsibilities and advises beneficiaries on their entitlements and advocates for them regarding same in non-litigious contexts.Learn More