Uses of Trusts in Estate Planning - Stewart McKelvey

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Seeding Trusts (Cont’d) • Can be a powerful income-splitting tool, but does require a private company to connect with • Caution: watch out for “corporate attribution” under 74.4 of the ITA in respect of spouses and minor children (“designated persons”) when the company is only a holding company that does not carry on as active business
Conclusion • A properly structured trust can be an extremely flexible instrument for estate planning • As with all estate planning, the income tax consequences of each type of trust must be fully considered • Care must be taken to ensure the particular trust chosen fits into the overall estate plan
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 and 36: RRSP Trusts (Cont’d) • As a res
Page 37: Seeding Trusts • Another form of
Page 41: Contact Information Richard Niederm

Uses of Trusts in Estate Planning - Stewart McKelvey

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