Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
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Family <strong>Trusts</strong><br />
• Not a def<strong>in</strong>ed term<br />
• Generally refers to an <strong>in</strong>ter vivos trust<br />
which has beneficiaries who are members<br />
<strong>of</strong> the same family<br />
• Each beneficiary can be either an <strong>in</strong>come<br />
beneficiary a capital beneficiary or both<br />
• Often used <strong>in</strong> estate freezes when<br />
operat<strong>in</strong>g or hold<strong>in</strong>g corporations are<br />
<strong>in</strong>volved