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
Mary Louise’s practice is focused on will and trust planning, powers of attorney for property and personal care, estate administration, personal tax planning, family business planning, and the creation and maintenance of corporations and charities. Mary Louise is a former elected Bencher of the Law Society of Upper Canada and a former member of the Canadian Human Rights Commission. Mary Louise is the co-author of Ontario Estate Practice and The Wills Book. Mary Louise is a leader in the field of disability law and planning around disability issues.Learn More
Wenda focuses her practice on estate and incapacity planning, estate administration and planning for family members who are disabled. She provides advice to individuals and institutions on a broad range of issues such as personal estate and tax planning, formation, variation and interpretation of personal and commercial trusts, incapacity planning, planned giving, planning for disabled family members, advising executors and trustees on their role and responsibilities, advising beneficiaries on their entitlements.Learn More