As we all know, if something seems too good to be true, it generally is. Not so with the testamentary trust. The testamentary trust is infinitely flexible, and operates to protect assets, split income, and preserve favourable taxation for estate assets. This paper will discuss some of the primary opportunities to make use of this flexible estate planning tool as well as some issues that should be considered in the context of testamentary trusts. This article was for a presentation to the Pacific Business and Law Institute, "Critical Issues in Estate Planning Today", at Calgary, Alberta.
Please note that this publication presents an overview of notable legal trends and related updates. It is intended for informational purposes and not as a replacement for detailed legal advice. If you need guidance tailored to your specific circumstances, please contact one of the authors to explore how we can help you navigate your legal needs.
For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com.