Office Hours with George: 10 reasons not to get a family trust… and why those people are wrong

Family trusts “don’t work anymore.” They “cost too much”, they are “too complicated”, etc, etc, etc. But is this really the truth? In this session of Office Hours with George, I review 10 (and more) reasons not to get a family trust…and walk through why a lot of this thinking is just plain wrong.

Rather than focusing on tax integration charts or extreme top-bracket examples, this discussion examined how trusts function in real-world family and business planning.

In this session, I covered:

• Why cost objections often miss the value discussion
• The truth about the 21-year rule
• Why integration tables don’t tell the whole story
• When trusts are appropriate — and when they aren’t
• Asset protection considerations
• Professional corporations and holding company strategies
• How trusts support flexibility in uncertain futures

Family trusts are not about chasing minor tax spreads. They are tools for tax deferral, control, protection, and multi-generational strategy. If you’ve built assets and are unsure whether a trust belongs in your structure, this video will help you think more strategically.

If you’d like to discuss whether a trust makes sense in your situation, book a planning call below.