Questions about family trusts are one of the hottest topics I discuss with real estate investors. Watch my Ultimate FAQ for Real Estate Investors video to answer the most burning questions. How can we use this tool to saves taxes, protect assets, and grow wealth? Watch and find out!
What are the big questions about family trusts?
What is a family trust?
For more details, see What is a family trust?
What if I don’t have kids or am not married…can I still use family trusts?
Traditionally, we think of married parents and grandparents with trusts, but many others can benefit from this type of entity given the right scenario.
Why set up family trusts?
I’ll discuss reasons such as saving taxes, flexibility and estate and succession planning. For more details, see Why set up a family trust in Canada?
How can you divide assets?
Dividing assets, and determining how to divide them, is a difficult situation for many investors. How does the family trust help? For more details, see How do you divide assets with a family trust in Canada?
When do you set up family trusts?
There isn’t one right answer to this question, but I’ll take you through a few scenarios and considerations. For details, see When should you set up a family trust in Canada?
Does a family trust own my real estate?
The answer every real estate investor needs to know…
Can I get financing using this entity?
A critical question for any real estate investor is around financing. How will this entity impact financing with banks and other types of lenders. For details, see Can I get financing with a family trust?.
Are there disadvantages?
I see three main disadvantages to this type of entity, all of which can be overcome. I’ll walk you through each one in the above video, or you can watch that segment and read the transcript here.
More resources
For additional resources related to family trusts, see:
- Paying kids to save taxes: Here’s how in Canada
- Family trusts (Part 1): Do real estate investors need one?
More questions?
Still have questions? I want to help you Do Wonderful Things™ with your real estate investments, so please contact me today.
Remember – circumstances are unique! This information is summary in nature. Seek out advice from your tax advisor about your specific situation.
