Estate Planning for Unique Situations
Certain life circumstances require special attention when creating or updating your estate plan. Whether you have a blended family, own property outside Canada, run a business, or wish to provide for a loved one with special needs, these situations can introduce unique legal, tax, and practical considerations. Addressing them in advance can help you avoid complications, reduce costs, and ensure your wishes are carried out effectively.
For example, blended families may require careful structuring of wills and trusts to balance fairness and family harmony. Business owners often need succession plans that protect both the company and their heirs. Cross-border assets can be subject to multiple tax regimes, requiring specialized strategies to minimize liabilities. Providing for dependants with disabilities may involve setting up specific trusts to preserve government benefits while ensuring long-term care.
In Canada, the most important considerations in unique situations include:
Wills
Planning with Trusts
Intergenerational business transfers
Corss-Border Estate Planning Considerations
Estate planning for beneficiaries with disabilities
Please contact us if you would like to explore a personalized estate planning strategy that addresses your unique circumstances while protecting your legacy and your loved ones.
