Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
Uses of Trusts in Estate Planning - Stewart McKelvey
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Family <strong>Trusts</strong> (Cont’d)<br />
• Trust purchases shares at fair market<br />
value us<strong>in</strong>g funds loaned to the trust by a<br />
third party so there is no negative tax<br />
implication to us<strong>in</strong>g the trust at that time<br />
• Ensures flexibility by allow<strong>in</strong>g dividends to<br />
be taxed <strong>in</strong> the hands <strong>of</strong> <strong>in</strong>come<br />
beneficiaries and for the subsequent<br />
distribution <strong>of</strong> shares on a tax-deferred<br />
basis to capital beneficiaries