How to Transfer Your Business to a Family Member If you want to plan the handover of your business to a family member, you can choose to either sell the company to them or implement an estate freeze. Get Help from a Lawyer Selling a Business to a Family Member Some business owners choose to…
Will Considerations for Blended Families In blended families where two people in a couple may each have children from previous marriages and/or have children together, asset distribution after death can be somewhat complex. What Happens to My Blended Family if I Die Without a Will? It is highly recommended that those with blended families have…
Estate Planning For Childless Individuals What Happens if You Die Without a Will When You Have No Children? If you are a childless person and you die without a will, your assets go to your spouse or common-law partner. If you don’t have a spouse or common-law partner, your assets will go to your parents….
A testamentary trust is a type of trust that comes into effect upon the occurrence of a person’s death. For example, a parent might set up a testamentary trust to provide for a child in the event of the parent’s death. When the parent passes away, the testamentary trust takes effect and becomes available for…
