Estate Planning Explained: Will vs. Trust In Canada

Most Canadians think their will controls everything they own.

It doesn't.

Your will may only govern a small portion of your assets – while the rest passes outside of it entirely.

In This Solo, We Cover:

• The 3 ways assets transfer when someone dies

• Why beneficiary forms override your will

• How joint ownership bypasses probate completely

• What your will actually controls – and what it doesn't

• Why powers of attorney matter during incapacity

• How family trusts can help with tax planning, control, and asset protection

• The 21-year trust rule most families never hear about

Estate planning isn't just about death – it's about control, taxes, incapacity, and protecting your family when life changes unexpectedly.

And many families only discover the gaps after a crisis has already happened.

If you have children, a corporation, aging parents, or significant assets, this is a conversation worth having before it becomes urgent.