Trusts - A Succession Planning Strategy
Neufeld Legal P.C. can be reached by telephone at 403-400-4092 or email Chris@NeufeldLegal.com
A trust is a legal structure designed to transfer property from the settlor to a trustee for purposes of putting to use that property for the benefit of its beneficiaries, being distributed in a pre-ordained manner to optimize the property's benefit to the recipients. As such, it has numerous estate planning and tax planning benefits, as it enables the settlor to effectively maximize how that property is to be utilized - minimizing its tax exposure, while optimizing one's control over its application (both in life and in the future).
There are numerous variants of trusts and purposes that they can and may serve. By working with a lawyer interested in discerning what you desire and see as appropriate for your family, together with helping you identify aspects that you may not have considered or deemed important, it possible to build the appropriate estate plan together.
Contact our law firm today to learn how our legal team can help you plan for the future or deal with the legal demands associated with the passing of a loved one. Contact our law firm at 403-400-4092 or via email at Chris@NeufeldLegal.com to schedule a confidential initial consultation.
IMPORTANT NOTE: This website is designed for general informational purposes. The site is not designed to answer specific questions about your individual situation or entitlement. Do not rely upon the information provided on this website as legal advice in respect of your individual situation nor use it as substitute for individual legal advice. If you want specific legal advice, you need to engage a lawyer under established legal engagement procedures that have been specifically agreed to by that lawyer.