I recently helped an executor administer an estate that poured over to an unfunded revocable trust. Although the decedent failed to use the trust to avoid probate, the trust made probate easy. The ...

As you sit down with your financial advisor to create an estate plan, one option that may arise is a testamentary trust. A testamentary trust is a type of trust that’s created in a last will and ...

Trusts are described in multiple ways, including: living or testamentary, revocable or irrevocable and grantor or non-grantor. These terms are not always mutually exclusive. A trust can be living, ...

A testamentary trust helps with overall wealth management by protecting the testator’s assets after their death. This type of trust can be used to name minors as beneficiaries of the testator’s estate ...

When planning your estate, you should understand different trust options available, such as testamentary trusts and living trusts. A testamentary trust is created through a will and only becomes ...

Inheritance Funding reports that wills and trusts differ in asset distribution and legal processes, affecting your estate ...

For someone living in a jurisdiction with high probate taxes, it can be a near knee-jerk response to hold valuable property jointly with a spouse or with one or more children, with a right of ...

For Halloween this year, we have a "postmortem" theme decorating our house. My contribution was to put a Frankenstein figure in a rocking chair on the porch. I also slipped a last will and testament ...

Will is the legal declaration of a person's intention, which he/ she wishes to be performed after his/her death and once the Will is made by the testator/ testatrix, it can only be revoked during ...

For those families fortunate enough to accumulate multigenerational wealth, testamentary trusts – trusts that come into effect after the death of the contributor – can be an important vehicle for ...

Major changes to CRA’s treatment of testamentary trusts will take effect in January 2016. Graduated-rate taxation will no longer apply to these trusts (as well as grandfathered inter vivos trusts ...