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Online tools allowing anyone to create a trust without the help of an attorney can reduce the money and time consumed in estate planning. Living trusts are widely used in estate planning to avoid ...
Therefore, they must do what the trust says. However, a beneficiary can contest the wishes of the trust in court. They may choose to do this to gain access to complete accounting for the trust ...
Some trusts may alternate between simple and complex under certain conditions. Many but not all trust organizations do their own tax work, which can be highly specialized. All simple and complex trusts are irrevocable and in both cases any capital gains realized in the portfolios are taxed to the trust corpus or principal.
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Discretionary trusts are trusts which require that the trustees exercise their powers, in the same way as a fixed trust, but allow some discretion in how to do so, in a similar manner to mere powers. Since trustees hold the discretionary power to choose how to act under an established boundary set out by the settlor of a trust, evidential ...
These trusts invest in a variety of investments including stocks, bonds, futures, etc., and are often marketed to the public directly when authorization has been received from provincial securities regulators to do so. This type of trust has not been affected by the recent changes in Canada concerning income trust taxation; like Canadian REITs ...
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