Splitting income inside a trust trims tax for your beneficiaries
Don’t let irresponsible kids delay your succession or estate planning—a unique trust structure lets you maintain control of assets
U.S. REITs significantly outperformed the broader equity market in the first half of 2012, says the National Association of Real Estate Investment Trusts (NAREIT), with And all but one sector of the market producing double-digit total returns.
A trust is a legal relationship in which a person (the settlor) transfers property to another person (the trustee)
It's difficult to distinguish an estate from other trusts
So you're not an estate lawyer; that doesn't mean you should steer clear of trusts. These legal structures can be powerful planning tools, allowing clients to reduce taxes, split income, and ensure their final wishes are carried out to the letter.
The recent decision of the Supreme Court of Canada in the Garron Family Trust establishes rules on trust residence.
In Canada as in the United States, the transfer of property from one spouse to the other at death is typically not subject to taxation. The tax rules differ between countries however.
Points to think about when discussing ITFs with your clients
Your clients may think trusts are just for the rich or for those with complex affairs. But this is not the case. So, here are some tips on how to use them.