The private trust is one of the most flexible tools available to assist our clients in their personal and business affairs including tax planning, transfer of wealth and charitable giving.
The trust practice at Farris includes the creation not only of family trusts to assist in the intergenerational transfer of wealth but also blind trusts, voting trusts, trusts for disabled beneficiaries, charitable trusts, immigration trusts and spendthrift trusts.
We regularly advise clients on the many uses of private trusts in the tax planning context, including income-splitting, probate fee and property transfer tax implications, capital gains deferral and minimizations, including accessing multiple capital gains exemptions, and other tax planning opportunities.
Our trust expertise is frequently called upon in matrimonial planning and dispute resolution. Our litigation department is adept at trust litigation where the trust may be used as both a defence and a weapon.
Trustee Advisory Services
We advise trustees on the administration of trusts including execution, fulfilment of fiduciary duties and tax implications