Family Trusts Explained: Why The Wealthy Never Gift Their Kids Anything
Why wealthy Canadian families never put assets in their kids' names, how a family trust actually works, and the timing decision worth $1.3 million.
- RRSP
- Tax Benefits
- Business Sale
- Estate Freeze
- Estate Planning
- Family Trust
- Income Splitting
- LCGE
- Real Estate
- Succession
- Succession Planning
- Trust Planning
- Wealth Transfer
- Wills & Estates
Show Notes
Most parents believe the best way to help their children is to give them assets early.
Sometimes, that's the most expensive mistake they can make.
A gift is permanent. Once ownership changes, so does your control.
In This Solo, We Cover:
• Why putting assets in your kids' names can create problems you can't undo
• How a family trust gives you control without giving up ownership
• The tax strategy behind the $1.6M vs. $270K family case study
• When your children should actually inherit your wealth
• The 2 situations where a family trust makes sense – and when it doesn't
A family trust isn't about avoiding your family.
It's about keeping your options open while protecting what you've spent a lifetime building.
If you own a business, investment properties, or a growing investment portfolio, this is a conversation worth understanding before you make decisions you can't undo.
📥 Resources from this episode
The Family Trust Decision Guide
The Advisors TableThe Family Trust Decision Guide
Use this guide to determine whether a family trust fits your situations and learn when it can help protect wealth, reduce tax, and preserve flexibility.
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