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1. • • A family trust, also known as a “by-pass trust,” is a trust created by a married couple with a large estate for the purpose of avoiding federal estate taxes when the first spouse dies.
     legaldictionary.net/family-trust/

     Family Trust - Definition, Examples, Processes

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   What is a family trust?

   • A family trust is a legal relationship in which one person (the “settlor”) transfers property to another person (a “trustee”) to hold for the benefit of another person or people (the “beneficiaries”). The property can be money, real estate, business interests, or investments.

   How Do Family Trusts Work in Canada? (2024) | Onyx Law Group

   onyxlaw.ca/how-do-family-trusts-work-in-canada/

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   Is a trust a legal entity?

   • A trust, unlike a corporation, is not a legal entity, but rather a relationship between the trustees and the trust’s beneficiaries. These relationships are set out in a trust agreement or deed.

   Family trusts: Recent changes and continued benefits

   www.bccpa.ca/news-events/cpabc-newsroom/2020/family-trusts-recent-changes-and-continued-benefits/

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   What is a bare trust in family law?

   • In family law, bare trusts have come up in the following contexts: Where a spouse did not hold legal title to property and denied any beneficial interest, but the court found they were the beneficial owner and that the person who did have legal title was a “bare trustee” for the spouse: Lokhandwala v.

   Bare Trusts: What Are They, and How Are They Relevant in Family Law?

   lamfamilylaw.ca/2024/03/27/bare-trusts-what-are-they-and-how-are-they-relevant-in-family-law/

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   What is a trust & how does it work?

   • Trusts are designed to hold and protect assets, which are held legally by the trustee for the benefit of the beneficiaries. As defined in the Income Tax Act, a settlor is typically a non-arm’s-length individual who creates a trust by transferring property into the trust for the benefit of the beneficiaries.

   Family trusts: Recent changes and continued benefits

   www.bccpa.ca/news-events/cpabc-newsroom/2020/family-trusts-recent-changes-and-continued-benefits/

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3. onyxlaw.ca › how-do-family-trusts-work-in-canadaHow Do Family Trusts Work in Canada? (2024) | Onyx Law Group

   onyxlaw.ca › how-do-family-trusts-work-in-canada

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   Feb 2, 2024 · A family trust is a legal relationship in which one person (the “settlor”) transfers property to another person (a “trustee”) to hold for the benefit of another person or people (the “beneficiaries”). The property can be money, real estate, business interests, or investments.

4. www.bccpa.ca › news-events › cpabc-newsroomFamily trusts: Recent changes and continued benefits

   www.bccpa.ca › news-events › cpabc-newsroom

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   Jun 3, 2020 · What is a family trust? A trust, unlike a corporation, is not a legal entity, but rather a relationship between the trustees and the trust’s beneficiaries. These relationships are set out in a trust agreement or deed.

5. falconlawyers.ca › the-benefits-of-family-trustsThe Benefits of Family Trusts for Personal and Business Assets

   falconlawyers.ca › the-benefits-of-family-trusts

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   Feb 14, 2024 · In this comprehensive guide, we’ll explore the advantages of establishing a family trust for both personal and business assets, shedding light on its key features, legal implications, and the invaluable role of legal experts like Falcon Law PC in facilitating this critical process.

6. www.clearestate.com › blog › family-trusts-canadaHow Family Trusts Work in Canada - clearestate.com

   www.clearestate.com › blog › family-trusts-canada

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   Jun 27, 2024 · A family trust is a legal entity that contains the assets of its settlor to benefit the family members while the person is alive or after their death. The legal relationship created between the trustee and the beneficiaries is laid out in the trust agreement.

7. lamfamilylaw.ca › 2024/03/27 › bare-trusts-what-areBare Trusts: What Are They, and How Are They Relevant in ...

   lamfamilylaw.ca › 2024/03/27 › bare-trusts-what-are

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   Apr 7, 2024 · The Court of Appeal for Ontario has defined a bare trust as “a trust where the trustee holds property without any active duties to perform other than to convey the trust property to the beneficiaries on demand”.

8. medium.com › @nourprivatewealth › navigating-theNavigating the Legal Aspects of Family Trusts in Canada

   medium.com › @nourprivatewealth › navigating-the

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   Oct 23, 2023 · A Family Trust is a legal entity created to hold and manage assets for the benefit of a family’s beneficiaries. It is an essential component of estate planning and wealth management in Canada.

9. www.canada.ca › types-trustsTrust types and codes - Canada.ca

   www.canada.ca › types-trusts

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   Information on the different types of trusts, including testamentary and inter-vivos trusts