Trusts are so pervasive in our world. They really can be the answer to all the problems in an estate plan – Have a disabled son? Answer: trust. Have a drug addicted nephew you want to help? Answer: trust. Want to support your new spouse but still help your children? Answer: trust….
The types of trusts range from formal, multigenerational trusts to oral arrangements interpreted by a court to impose a trust. We will review these various forms, including family trusts, alter ego trusts, spousal trusts, resulting trusts, and bare trusts, along with some of the tax aspects of each form, and when each type might be useful.
We will also review the roles and responsibilities of the various people involved– Settlor, Trustee, Beneficiaries, and Protectors. And to help us sleep at night we will cover some tips, and some pitfalls to avoid in drafting these ever so flexible and useful tools to help with our clients’ estate planning.
Doris Bonora, TEP, KC - Partner, Dentons
Doris Bonora is the Canadian group leader of Dentons' Trust, Estates and Wealth Preservation practice. Her practice focuses on will planning, estate planning, estate administration, estate litigation and trusts. Her practice involves developing estate plans for her clients that match their families and their needs. Doris advises high net worth individuals and their family offices, banks and trust companies in personal and business succession, philanthropy, as well as in trust and estate planning matters. She provides insight into the decision-making process surrounding the structuring of a family office in order to build and maintain an effective structure that serves the needs of the family.
Rhonda Johnson, MBA, TEP - Partner, Dentons
Rhonda is a partner practicing in our Trusts, Estates and Wealth Preservation group. She focuses on trusts, estate planning and estate administration solutions advising individuals, trustees, business founders and next generations, including helping clients with assets in BC and Alberta. Her practice includes drafting inter vivos and testamentary trusts, First Nations Trusts, multiple wills planning, incapacity planning, charitable giving, wealth transfer strategies and multi-generational planning.
Rhonda has been a sessional instructor of the wills course for the Law Faculty of University of Alberta, and an instructor and presenter for the Legal Education Society of Alberta, CBA Wills Section, STEP National, STEP Edmonton, STEP Calgary, and Cambridge Forums. She has also been a sessional instructor in economics for North Island College.
No Charge for Estate Planning Council of Canada Members
Guests are welcome - this event is for professional Advisors only.