Succession

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
• +11 more

Jul 16, 2026

Should You Put Assets In Your Kids' Names? Why Wealthy Canadian Families Never Do

Wealthy Canadian families almost never put assets in their kids' names. Here's why, how a family trust works instead, and the timing decision worth $1.3 million.

Jul 17, 2026

Why The Wealthy Never Gift Their Kids Anything

The wealthiest families in Canada almost never put anything in their kids' names. Not the company. Not the property. Not the investments. It isn't because they don't trust their kids. It's because a gift is the one financial move you can never take back. Swipe for what they do instead, and the $1.3 million difference it made for one family.