Protecting your family’s future assets starts with thoughtful estate planning tailored to your unique needs. By seeking Ontario legal advice and working with trusted local professionals, you can ensure your wishes are clearly documented and your loved ones are cared for. Proactive planning helps minimize risks, avoid unnecessary complications, and provides the peace of mind that comes from knowing your legacy is secure. Discover how clear guidance and integrated legal support can make a lasting difference for you and your family.

It is estimated that, over the next several years, assuming present life expectancies and relative economic calm, (notice I said “relative”) the Canadian Baby Boomers will inherit over 1 trillion dollars. And, by extension, the much smaller millennial generation will inherit even more. Particularly in larger estates, corporations and trusts are often used to avoid or defer various types of tax, and to organize more clearly the intentions of the testator.

In general terms, Ontario law recognizes three types of legal entities: the individual(you and me), the corporation (public or private, profit or non-profit) and the Trust. Again, in very general terms, Ontario Law recognizes two types of Trusts: Inter Vivos ( established during the lifetime of the person creating the trust) and Testamentary ( contained within the will of the person creating the trust and effective only upon their death). The person who creates the trust is called the Settlor; the person for whom the trust is created is called the Beneficiary; the person who manages the trust is called the Trustee.

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