A family trust can be a great tool as part of an overall wealth creation plan. However, whether or not you need one will depend greatly on your financial circumstances, family situation and what is important to you. Some of the potential benefits of having a family trust are reducing income tax, protecting family wealth and effective transition of the family business to the next generation. A trust will also allow you to transfer shares of your corporation to other family members without losing control.
To determine whether or not a trust makes sense for your family, please do not hesitate to contact us.
