Pros and Cons of Putting a House in a Trust in Canada
Putting a house in a trust can protect it from probate, saving time, money, and ensuring privacy.
June 23, 2026
Putting a house in a trust can protect it from probate, saving time, money, and ensuring privacy.
If you own multiple properties, such as vacation homes or rental properties, a living trust can simplify management and transfer. It also keeps your estate private, as trusts do not go through probate, unlike wills. This can save time and reduce stress for your family.
What is the cost of a living trust in Canada? The cost of setting up a living trust in Canada typically ranges from $2,000 to $15,000 when done through a legal professional.
Yes, you can write your own will in Ontario, but mistakes can make it invalid. Ensure it’s legally sound with proper signatures or seek professional advice.
Placing your house in a trust offers several benefits, including avoiding probate fees, maintaining privacy, and ensuring a smooth transfer to beneficiaries.
The cost of setting up a living trust in Ontario typically ranges from $2,500 to $5,000 for basic trusts, but can be higher for more complex arrangements.
Trusts are powerful estate planning tools that allow assets to bypass probate, ensuring a smoother, faster, and more private transfer of wealth to beneficiaries.
Personalized advice ensures your plan complies with Ontario laws and meets your long-term objectives.
A living trust is a legal arrangement where you transfer ownership of your assets into a trust while you are alive, managed by a trustee for your benefit or your beneficiaries.
In Canada, trusts are generally taxed at the highest marginal tax rate for individuals unless they qualify as graduated rate estates (GREs) or certain other exceptions.