In the corporate context, family trusts are used to distribute wealth to family members, while protecting assets and ensuring privacy. A trust is a legal relationship wherein property is held by trustees for the benefit of the beneficiaries.

For business owners, a family trust can form a key role in the business succession and estate planning process. A trust is created to hold property such as shares in a private corporation. The beneficiaries could be any named or category of person, including the business owner’s spouse and children.

At Burshtein Law, we regularly work with our clients and, where necessary, their financial team, to implement an estate plan. If you would like to discuss trusts or your estate plan with one of our lawyers, contact us to schedule a consultation.