Tag Archives: trust

Estate Planning Using a Trust

Many Canadian couples will die with a net worth of more than $1-million, and it is important to properly plan for the distribution of this wealth. (more…)

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Estate Planning Strategies

If you own your own business, it is important to make considerations for it when planning for the future. (more…)

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Reporting Executor and Trustee Fees When Filing Estate Taxes

If an executor or trustee is paid out fees for their role from an estate or trust, the estate or trust then has an obligation to report such amounts when filing a tax return. (more…)

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Trusts Established for Infants

Where an infant is awarded damages in a personal injury case, the manner in which the award is structured will often include a trust established for the benefit of the infant. In many cases, the funds are managed by the Public Guardian and Trustee (PGT), but it is not uncommon for the funds to be held by one or more private trustees. Where a private infant settlement trust is to be established, the terms of the trust must be carefully considered, as proper structuring of the trust is a crucial part of ensuring that the infant plaintiff will receive the maximum benefit possible, whether it be for future care, accommodation, education or other needs.

For more information, visit Clark Wilson LLP.

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The Steps for Starting a Will

Creating and maintaining a current will is necessary, regardless of your age or financial situation. (more…)

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Steve Jobs: The Legacy He Left Behind

Steve Jobs, the CEO of Apple Inc., was a visionary who changed the way the world uses and views technology, and as a result, acquired an estate worth billions of dollars. (more…)

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Filing Tax Returns for Trust Income

Beneficiaries of a trust may face severe penalties by the Canada Revenue Agency for failure to properly file the correct forms. (more…)

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The Financial Risks of Being an Executor

Being an executor could cost you! (more…)

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Trusts Can Help Avoid Tax Hits

Testamentary trusts that come into effect after the death of the testator may help minimize inheritance taxes. (more…)

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