Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-started

Trusts can be powerful planning tools, but they are alsocomplex, expensive, and often misunderstood.

In this episode of Retiring Canada, we break downhow trusts work, when they may make sense, and when they probably do not.

You will learn the difference between trusts establishedduring your lifetime and trusts created through your will, along with commonuses for business owners, high net worth families, blended families, andfamilies with minor children. We also discuss family trusts, testamentarytrusts, Henson trusts, and key tax considerations that can create unintendedconsequences if not structured properly.

We also explain why most people may not actually need atrust and why a proper cost benefit analysis is essential before moving forwardwith these strategies.

This episode is for Canadians who want a clearerunderstanding of trusts and how they may fit into an estate or retirement plan.

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EPISODE RESOURCES:
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