Why a Trust?

Regardless of where families are in the estate planning process, issues can emerge—having been overlooked, underestimated or newly minted by life’s changes. At times, concerns spark a conversation about establishing a trust

The very mention of the word, trust, causes a couple of common reactions. People narrow their focus to tax planning or envision blowing dust off an archaic tome. The federal government and Canada Revenue Agency measures of 2016 significantly eroded the broad tax benefits of testamentary and other types of trusts. While some worthy tax considerations remain, they’re just part of the conversation about how trusts can help address modern and future-focused estate planning.

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