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Most Canadians assume a will is enough.
And for some families, it is.
But for others, relying solely on a will can quietly create unnecessary probate fees, tax inefficiencies, delays, and family complications that could have been avoided with better planning.
In this video, I break down the real differences between family trusts and wills in Canada, when trusts actually make sense, and the estate planning mistakes I see families make all the time.
Here’s what you’ll learn:
• The core difference between a will and a family trust
• Why probate matters more than most Canadians realize
• How probate fees work in provinces like Ontario and British Columbia
• Why trusts bypass probate and remain private
• The hidden costs and complexity involved with trusts
• How the 21-year deemed disposition rule works
• When trusts make sense for large estates and business owners
• How trusts may help protect vulnerable beneficiaries
• Why blended families and family dynamics matter in estate planning
• The estate planning framework affluent Canadians use to coordinate trusts, wills, taxes, and succession planning
If you’re building wealth, planning for retirement, or thinking about how assets will eventually transfer to the next generation, understanding how wills, trusts, probate, taxes, and beneficiary structures all interact could potentially save your family significant money and stress over time.
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By: Danny & Charles - Zenith Private Wealth Counsel
Title: Family Trust vs Will in Canada: How to Protect Your Estate, Reduce Tax & Avoid Probate
Sourced From: www.youtube.com/watch?v=b2RqB39AEpU
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