Best Trusts Lawyers in Canada

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Mayer Dearman Pellizzaro (Lawyers)

Mayer Dearman Pellizzaro (Lawyers)

Thompson, Canada

English
A professional law firm offering expert legal services.
Dawson & Bretecher Law Corporation

Dawson & Bretecher Law Corporation

Dauphin, Canada

English
A professional law firm offering expert legal services.
Alepin Gauthier Avocats

Alepin Gauthier Avocats

Montreal, Canada

Founded in 1978
50 people in their team
French
English
Alepin Gauthier Avocats was founded in 1978 by Me François Alepin. A few years later, Me Brigitte Gauthier joined the firm and quickly became a partner, thus founding the family law department. For his part, Me Alepin is and has always been at the service of local entrepreneurs. The firm now has...
Perrin Ahmad LLP

Perrin Ahmad LLP

North Bay, Canada

English
Perrin Ahmad LLP, located in North Bay, Ontario, is a full-service law firm specializing in criminal defense, family law, civil litigation, wills and estate planning, and real estate transactions. The firm's dedicated team of lawyers and staff are committed to upholding the Charter of Rights and...
Hamilton Cahoon

Hamilton Cahoon

Medicine Hat, Canada

Founded in 2018
English
Hamilton Cahoon is a distinguished law firm based in Medicine Hat, Alberta, offering a comprehensive range of legal services to clients in the region. The firm's areas of practice include matrimonial and family law, personal injury law, estate planning, civil litigation, corporate law, and real...
Heritage Law Offices

Heritage Law Offices

Edmonton, Canada

Founded in 2000
English
Heritage Law Offices, located in South Edmonton, Alberta, offers a comprehensive range of legal services tailored to meet the diverse needs of its clients. The firm's practice areas include real estate transactions, family law, wills and estate planning, estate administration, corporate and...
Anwar & Riou Law Office

Anwar & Riou Law Office

Unity, Canada

Founded in 2003
English
Anwar & Riou Law Office, established in 2003, is a full-service law firm headquartered in Unity, Saskatchewan, with an additional office in Saskatoon. With over four decades of combined legal experience, the firm offers comprehensive legal services across Saskatchewan, focusing on areas such as...

Grey Wowk Spencer LLP

Cold Lake, Canada

Founded in 2005
English
Grey Wowk Spencer LLP is a distinguished Canadian law firm recognized for its comprehensive expertise across various legal disciplines. Specializing in areas such as criminal justice, divorce, family law, and elder law, the firm has established a robust reputation for providing strategic legal...
Birdsell Grant LLP

Birdsell Grant LLP

Whitecourt, Canada

Founded in 1984
English
Birdsell Grant LLP, based in Canada, stands out for its comprehensive range of legal services, including expertise in family law, employment law, estate planning, and real estate transactions. With a focus on delivering tailored legal solutions, their team of seasoned attorneys possesses the depth...
Velletta Pedersen Christie Lawyers

Velletta Pedersen Christie Lawyers

Victoria, Canada

Founded in 1982
English
Velletta Pedersen Christie Lawyers, based in Canada, stands out for its diverse range of legal expertise and a steadfast commitment to delivering comprehensive legal solutions. With a strong presence in various areas of law, they offer specialized services as business attorneys, employment...
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About Trusts Law in Canada:

Trusts in Canada are legal arrangements where a person (the settlor) transfers property to another person or entity (the trustee) to hold and manage for the benefit of a third party (the beneficiary). Trusts can be used for estate planning, asset protection, tax planning, and charitable purposes. Trusts are governed by both provincial and federal laws in Canada.

Why You May Need a Lawyer:

You may need a lawyer for trusts in several situations, including creating a trust, ensuring the trust is properly structured and documented, understanding the tax implications of a trust, managing trust assets, resolving disputes involving trusts, and updating or terminating a trust.

Local Laws Overview:

In Canada, each province and territory has its own trusts legislation, but trust law principles are largely based on common law. The federal government also has laws that may impact trusts, such as the Income Tax Act. It is essential to understand the specific laws of the province where the trust is created and administered.

Frequently Asked Questions:

1. What is a trust?

A trust is a legal arrangement where a person (the settlor) transfers property to another person or entity (the trustee) to hold and manage for the benefit of a third party (the beneficiary).

2. What are the different types of trusts?

Common types of trusts in Canada include living trusts, testamentary trusts, charitable trusts, and special needs trusts.

3. How are trusts taxed in Canada?

Trusts are subject to taxation in Canada. The income earned by the trust is taxed at the applicable tax rates, and the trust may also be subject to capital gains tax when assets are sold.

4. What are the legal requirements for creating a trust?

To create a trust in Canada, there must be a written trust document, a clear intention to create a trust, identifiable beneficiaries, a trustee who accepts their duties, and trust property.

5. Can a trust be challenged in court?

Yes, a trust can be challenged in court on various grounds, such as lack of capacity or undue influence when creating the trust, fraud, or breach of trust by the trustee.

6. How can I protect my assets using a trust?

Creating an irrevocable trust can help protect your assets from creditors or ensure they are passed on to beneficiaries according to your wishes without being subject to probate.

7. How do I choose a trustee for my trust?

Choosing a trustworthy and competent trustee is crucial. You should consider someone who is financially responsible, understands their duties, and can act in the best interests of the beneficiaries.

8. Can I change the terms of a trust after it is created?

Depending on the type of trust and the provisions in the trust document, it may be possible to change the terms of a trust through an amendment or by revoking the trust and creating a new one.

9. What is the role of a beneficiary in a trust?

Beneficiaries have the right to receive distributions from the trust as outlined in the trust document. They also have the right to request information about the trust's administration and hold the trustee accountable for their actions.

10. How can I terminate a trust?

A trust can be terminated by following the terms outlined in the trust document, by distributing all trust assets to the beneficiaries, or by petitioning the court to terminate the trust if circumstances warrant it.

Additional Resources:

For more information on trusts in Canada, you can consult legal professionals specializing in trusts, provincial trusts legislation, the Canada Revenue Agency for tax-related matters, and the Office of the Superintendent of Bankruptcy for asset protection issues.

Next Steps:

If you require legal assistance with trusts in Canada, consider consulting a trusts lawyer who can guide you through the process of creating, managing, or resolving issues related to trusts. They can provide valuable advice tailored to your specific situation and ensure your interests are protected within the confines of the law.

Lawzana helps you find the best lawyers and law firms in Canada through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Trusts, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Canada—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.