Living Trust vs a Will in Canada
A living trust is a legal document that takes effect during your lifetime, allowing you to manage and distribute your assets without going through probate.
January 11, 2025
A living trust is a legal document that takes effect during your lifetime, allowing you to manage and distribute your assets without going through probate.
While wills are more common, the use of trusts is steadily growing in Canada, especially among individuals with significant assets or unique family dynamics.
Proper planning ensures more of your wealth passes to your loved ones while minimizing tax burdens.
In Ontario, estates valued over $50,000 generally require probate to confirm the executor’s authority to manage and distribute the assets.
More people are creating information packages to help surviving family members make sense of how things work in their household.
It is important to have a valid Will to avoid the challenges of intestacy – dying without a Will. Indeed, eventually, everyone ends up with a Will of one sort or other…
There are things to consider when transferring a cottage to your heirs. Consider these four issues.
Three reasons why business owners should consider life insurance.
The only thing more difficult than committing to a life insurance policy is deciding what kind to buy. Is it better to buy term insurance, or whole life? Should you pay less and invest more, or choose insurance that pays your premiums back or holds value no matter how long you live?
Few people will go through life without buying insurance of one kind or another. But there are so many different varieties, and so many things to consider, you need a guide to the essentials.
SWPP helps families and business owners in Ontario with comprehensive estate planning.
SWPP’s Living Estate Plan service ensures Ontario families have an estate plan or living trust that protects their assets from unnecessary taxes and fees, including probate.
16 Industrial Parkway South, Suite 609, Aurora, ON, L4G-0R4