Trust Administration Lawyer
Setting Up A Trust
There are many reasons to consider trusts when you are planning your estate:
- Minimizing probate fees
- Maintaining greater control of complex assets after you can no longer manage them
- Protecting family members such as spouses and minor children
- Providing for a loved someone with a disability without risking losing their eligibility for the Ontario Disability Support Plan (ODSP) benefits
We can help you choose the right kind of trust for your needs and set it up so that it will provide appropriately for your beneficiaries.
If you are chosen to administer a trust or act under a power of attorney, your duty is to manage the property for the beneficiaries and account for all the property that you manage. Our trust administration lawyer can help you understand your duties and obligations, and carry them out efficiently and correctly, by:
- Assisting you with accounting obligations
- Helping you report to beneficiaries
- Helping you deal with accountants, tax advisors and government agencies such as the Canada Revenue Agency, Office of the Children’s Lawyer and the Office of the Public Guardian and Trustee
- Helping you with the Court process of passing accounts
- Representing you in litigation, if necessary
We can also help you, if you are the beneficiary of a trust and you are not sure if your trustees are carrying out their duties correctly. We will explain your rights, help you make sure your interests are protected and represent you in Court, if necessary.
For more information on setting up and administering trusts, and for information on your own rights as the beneficiary of a trust, call us at 647-931-4244 or send us an email. Our trust administration lawyer serves clients in Mississauga, Port Credit, Oakville, Etobicoke and surrounding areas of the GTA.