A trust is simply a way to ensure that commitments you make to the financial security of others will continue. You can use a trust to:

1.Continue to support a beneficiary with special needs or one too young to manage an inheritance

2.Provide income to a loved one without the burden of managing the assets

3.Give ongoing support to a favorite charity or cause

4.Continue your business achievements

5.Preserve family assets such as a cottage or property

We can provide you with professional advice on the role and structure of a trust, and serve as your Trustee, or Co-Trustee with a family member or other advisor. In these roles, we manage the trust assets, provide administrative services, and assist on taxation matters.

A revocable trust is one where usually, grantor/trustee/beneficiary is the same person. It can be revoked or amended any time until the person's death. Upon death the trust property bypasses probate and assets are distributed to the heirs.

Joint living trust is simply combining the assets of a husband and wife into a single trust, governed by a single trust document

A trust that allows couples to reduce or avoid estate taxes. Each spouse puts his or her property in an AB trust. When the first spouse dies, his or her half of the property goes to the beneficiaries named in the trust -- commonly, the grown children of the couple -- with the crucial condition that the surviving spouse has the right to use the property for life and is entitled to any income it generates. The surviving spouse may even be allowed to spend principal in certain circumstances. When the surviving spouse dies, the property passes to the trust beneficiaries. It is not considered part of the second spouse's estate for estate tax purposes. Using this kind of trust keeps the second spouse's taxable estate half the size it would be if the property were left directly to the spouse. This type of trust is also known as a bypass or credit shelter trust.

An individual transfers title of his assets from himself as grantor, to himself as trustee of the trust, to administer for the benefit of himself.

Think of a trust as a place where you put your assets before they are released to the people or organizations that you designate to eventually receive them, it is a legal entity and so are you. Because you and the trust are separate legal entities, anything you transfer from you to the trust becomes property of the trust. Trust is a kind of document which you executes to transfer some or all of your property in to it.