BDO Canada
By Rachel Gervais
October 12th, 2022
Secure your family’s future—What you need to know about family trusts
Trusts can be a powerful tool for tax and financial planning. Their main benefit is that they separate control of an asset from ownership—a trustee(s) will control trust property on behalf of a single beneficiary, or a group of beneficiaries.
A family trust allows individuals to create and preserve a financial legacy while at the same time protecting their assets for their family. Family trusts can be a very important tool for tax and financial planning, but the rules around them are complex.
