Trusts

Total 213 Posts

Estate Planning, Trusts, and Family Law

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Inter vivos trusts are often used in the estate planning process to manage and preserve family wealth across generations. Within that broad framework, such trusts are used for a variety of reasons. Parents or grandparents may want to establish a vehicle for funding the education costs of future generations. A parent may be concerned about a fraudster taking advantage of an adult child with diminished mental capacity. A business owner….

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Estate Planning, Trusts

Blind Trusts and Fireworks

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  “My assets are huge, just huge. If I had to put them into a blind trust, it would be the blindest trust of all time. You would have to stare directly into a solar eclipse to achieve the blindness of my trust.” – President Donald Trump (but not really) What better way to celebrate The Fourth of July than by making fun of politicians? Let the fireworks begin….. Oh,….

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In the News, Trusts

The Life of Pipeline Transactions: The Beat Goes On

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In the past few years, many associated with this blog have written about the benefit of post-mortem pipeline transactions to avoid double tax on disposition of certain assets. Again, and briefly, a pipeline transaction is a form of transaction whereby the assets of a corporation are distributed to shareholders utilizing the high adjusted cost base resulting from the capital gains realized on death, rather than as a distribution in the….

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Canada Revenue Agency, Estate Planning, Investments, Property, Real Estate, Small Business, Tax Issues, Trusts

Ontario’s Non-Resident Speculation Tax – A Cautionary (Trust) Tale

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This post reviews the Ontario “Non-Resident Speculation Tax” (“NRST”), and draws attention to an important possible effect to be aware of on land conveyances involving trusts in the province.  This post is a refresher and update to Corina Weigl’s post in June, 2017, which was posted shortly after the proposal for the tax was released as part of Ontario’s Fair Housing Plan[1] in April, 2017. THE NON-RESIDENT SPECULATION TAX (“NRST”):….

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Real Estate, Trusts

The Data Trust – The Superhero We All Need

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  Coming soon to Scotiabank Theatre……   *Read using a Movie Trailer Voice* In a world where hackers and evil corporations make billions using your personal information. A world where liberty is at the mercy of data breaches. There’s one thing that can’t be breached: A Fiduciary Duty Dwayne “The Rock” Johnson stars as a Trust Professional that refuses to play by the rules; except of course if those rules….

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In the News, International, Trusts, Uncategorized

FAMILY TRUSTS AND ALLOCATIONS OF PROCEEDS FROM SALE

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Recently, I encountered a scenario where the trustees of a family trust were planning an allocation of proceeds from a share sale transaction to the beneficiaries of trust using the lifetime capital gains exemption but it appeared that the allocated amounts would physically end up in the hands of other individuals including the trustees of the trust. It appeared in fact that certain beneficiaries would only see their allocation on….

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Canada Revenue Agency, Investments, Tax Issues, Trustee, Trusts, Uncategorized
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