News & Events

August 10, 2015
Trusts: Documenting Decisions

As discussed in a previous blog post, the trustees of a trust make all decisions with respect to the trust and the property held by the trust, within the parameters of the trust settlement, keeping in mind that the trustees must act in the best interests of the beneficiaries at all times. All material decisions of the trus... Read More

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October 1, 2014
Holding Shares in a Family Trust

In a previous blog post, we discussed the general concept of a family trust and indicated that one way to use a family trust is to hold shares in a Canadian-controlled private corporation.  Assuming that we are dealing with a discretionary trust in which only Canadian residents are beneficiaries and trustees, there are se... Read More

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September 12, 2014
What is a Family Trust?

The concept of a family trust is often raised to founders of a startup as an alternative to holding their shares in their new company personally (see LW Academy tax planning measures video) , but what is a family trust? A family trust is generally a legal relationship among three parties:  the Settlor, the Trustees and t... Read More

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