A trust is a relationship that exists between the Settlor, the Trustees and Beneficiaries. A trust is settled when a person (the "Settlor") transfers property to another person (the "Trustee") to hold for the benefit of one or more persons (the "Beneficiaries"). The trust agreement or deed defines what the Trustees may do with the trust property and outlines the interests of the beneficiaries.

Trusts are used in Estate Planning and Tax Planning. A trust can be created by a Will to come into existence as a result of the death of the testator or settled during the settlor's lifetime.

At Granville Law Group, our lawyers are dedicated to creating the right plan for you and your family. Based in Vancouver, BC, we offer over 55 years of legal experience effectively guiding our clients toward their goals.

Effective Strategies Focused On Your Needs

Each type of trust is used depending on the circumstances and each has its benefits and limitations. Our lawyers will provide you with all the information necessary for you to make a decision on how you want to organize your affairs, why and what needs to be done to accomplish your goals. Some of the uses include:

  • Distribution of assets after death (Testamentary Trusts),
  • To benefit any beneficiaries chosen by settlor (Inter Vivos Trusts),
  • To split income (the use of an Inter Vivos Trust as a shareholder in your business), and
  • To protect assets and benefit only certain beneficiaries during certain period of time - for example, only the settlor or the settlor and their spouse – and then pass the assets to the beneficiaries chosen by the settlor (Life Interest Trusts).

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No two situations are exactly alike and no solutions is either. We take the time to listen, discuss, and analyze your needs and goals, so that we can provide you with personalized advice, answers and options. You can find additional information on our blog.

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Arrange a free, 30-minute consultation with Granville Law Group. Call our team at 604-757-9385 or schedule a meeting using our online form.