Trusts

FAMILY TRUSTS, ALTER EGO TRUSTS, and JOINT PARTNER TRUSTS

Family Trusts, Alter Ego Trusts, and Joint Partner Trusts are powerful tools that may allow an individual to retain control of corporate shares or other assets, while taking advantage of significant tax benefits for children and younger family members who are future beneficiaries. Goodwin & Mark LLP recognizes trusts as practical, effective estate planning options that can save families a significant amount of money and help them avoid future disputes and estate litigation.

ESTATE PLANNING THROUGH A TRUST

Trusts are popular options for families largely due to their flexible nature. These unique tools are highly customizable and can be created based on the specific needs of a family or individual. At Goodwin & Mark LLP, we often work with our client’s accountants to develop trusts that minimize taxes and set up families for future success.

Clients choose Trusts for many reasons and uses, including:

To reduce taxes through income splitting
To avoid a will dispute and estate litigation
To avoiding probate proceedings and fees
To protect investments for family members who are incapacitated
To save money for children’s education
To plan for family business succession, including tax planning

At Goodwin & Mark LLP, we are experienced in drafting and administering Trusts. Our lawyers can assist you from the initial creation of a Family Trust, Alter Ego Trust, Joint Partner Trust, Bare Trusts, and other Inter Vivos Trusts, to the final distribution, termination or winding up of the Trust.