Uses of Trusts in Estate Planning - Stewart McKelvey

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RRSP Trusts (Cont’d) • Until that legislative change occurs, this strategy is not very attractive as between spouses or common-law partners • It could be useful for annuitants who have • It could be useful for annuitants who have no spouse and would otherwise designate children or other beneficiaries directly and thereby miss the income-splitting benefits of a testamentary trust
Seeding Trusts • Another form of testamentary trust designed for beneficiaries who control owner-managed businesses or investment holding companies • Trust is established with a nominal amount (i.e. $100) which the beneficiary/trustee can then use to subscribe for dividend entitled shares in the corporation as part of a corporate reorganization • The dividends can then be taxed in the trust at graduated rates or distributed to (and taxed in the hands of) beneficiaries of the trust (i.e. spouse, children, etc.)
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 and 26: Testamentary Trusts (Cont’d) •
Page 27 and 28: Testamentary Trusts (Cont’d) - To
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: RRSP Trusts (Cont’d) • As a res
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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