Family Trusts at Jahanshahi Law Firm
At Jahanshahi Law Firm, we assist our clients through the nuanced landscape of trust creation and administration. Our expertise encompasses both inter vivos (living) trusts and testamentary trusts, which are powerful tools for estate planning and wealth management.
Benefits of Creating a Trust
A trust is a powerful legal tool that can provide a multitude of benefits, including but not limited to:
- Estate Planning: Control the distribution of your assets with precision and flexibility.
- Asset Protection: Safeguard your wealth from creditors and legal disputes.
- Privacy: Keep your financial affairs confidential and out of the public record.
- Tax Efficiency: Potentially reduce or defer tax liabilities.
- Continuity: Ensure uninterrupted management of your assets in the event of incapacity.
How Trusts are Set Up in Canada
Setting up a trust in Canada involves several key steps, which we manage meticulously for our clients:
- Determining the Right Type of Trust: Based on your goals, we help you decide between an inter vivos trust or a testamentary trust.
- Drafting the Trust Agreement: Our legal team crafts a detailed trust agreement that outlines the terms, beneficiaries, and structure of the trust.
- Transferring Assets: We guide you through the process of transferring assets into the trust.
- Appointing Trustees: We assist in selecting and appointing a trustworthy and competent trustee to manage the trust assets.
- Compliance and Reporting: Our services include ongoing support to ensure that the trust complies with all legal and tax obligations.
Why Work With Jahanshahi Law Firm
- Expert Guidance: With extensive experience in corporate law, real estate and estate law, we provide informed and strategic advice to clients wishing to set up a trust.
- Personalized Service: We understand that each client’s situation is unique, and we tailor our services to meet your individual needs.
- Commitment to Excellence: Our goal is to ensure that you receive the highest level of service and that your trust is established and administered to the highest standards.
- Proactive Approach: We stay ahead of changes in the law and tax policy to provide you with the most current and effective trust strategies.
Let’s Build Your Legacy Together
At Jahanshahi Law Firm, we are dedicated to helping you build a lasting legacy. Contact us today to learn how we can assist you in creating a trust that serves your objectives and provides peace of mind for you and your beneficiaries.