Uses of Trusts in Estate Planning - Stewart McKelvey

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Testamentary Trusts (Cont’d) • Useful in many situations: – For spouses who have or will have significant income of their own – For adult children who have or will have significant income of their own (separate trusts for each child are best) – To protect assets from marriage breakdown
Testamentary Trusts (Cont’d) – To preserve continuity of ownership ( i.e. cottage property, family business) – To benefit charity after assets are no longer needed to support family • Access to capital can be as tight or as loose as required • As little as $100,000 placed in a testamentary trust can be tax effective if there are no trustee fees taken and the only extra cost is filing a tax return
Page 1 and 2: Uses of Trusts in Estate Planning C
Page 3 and 4: What is a Trust? • A legal relati
Page 5 and 6: What is a Trust? (Cont’d) • Per
Page 7 and 8: Taxation of Trusts • Detailed and
Page 9 and 10: Taxation of Trusts (Cont’d) • I
Page 11 and 12: Inter Vivos Trusts • Any trust cr
Page 13 and 14: Family Trusts • Not a defined ter
Page 15 and 16: Family Trusts (Cont’d) • Truste
Page 17 and 18: Alter Ego and Joint Partner Trusts
Page 19 and 20: Alter Ego and Joint Partner Trusts
Page 21 and 22: Spousal Trusts (Cont’d) • Alter
Page 23 and 24: Testamentary Trusts • Established
Page 25: Testamentary Trusts (Cont’d) •
Page 29 and 30: Insurance Trusts (Cont’d) • If
Page 31 and 32: Insurance Trusts (Cont’d) • Pol
Page 33 and 34: RRSP Trusts • Similar principles
Page 35 and 36: RRSP Trusts (Cont’d) • As a res
Page 37 and 38: Seeding Trusts • Another form of
Page 39 and 40: Conclusion • A properly structure
Page 41: Contact Information Richard Niederm

Uses of Trusts in Estate Planning - Stewart McKelvey

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