Using Trusts In Retirement: What You Need to Know (EP 79)

Learn more about the Fundamental Retirement Plan: https://www.fundamentalwealth.ca/get-startedTrusts can be powerful planning tools, but they are alsocomplex, expensive, and often misunderstood.In this episode of Retiring Canada, we break downhow trusts work, when they may make sense, and when they probably do not.You will learn the difference between trusts establishedduring your lifetime and trusts created through your will, along with commonuses for business owners, high net worth families, blended families, andfamilies with minor children. We also discuss family trusts, testamentarytrusts, Henson trusts, and key tax considerations that can create unintendedconsequences if not structured properly.We also explain why most people may not actually need atrust and why a proper cost benefit analysis is essential before moving forwardwith these strategies.This episode is for Canadians who want a clearerunderstanding of trusts and how they may fit into an estate or retirement plan.WANT EVEN MORE RETIREMENT PLANNING TIPS?Join thousands of other Canadians and subscribe to the ⁠Retiring Canada Newsletter.⁠https://www.retiringcanada.ca/retirement-newsletterAs a thank you, you'll receive a copy of our latestRetirement Guide AND MORE!EPISODE RESOURCES:📊 Work with Michael: https://fundamentalwealth.ca/get-started💻 Subscribe to the Newsletter: https://www.retiringcanada.ca/retirement-newsletter👉 Download Our Latest Retirement Guide: https://www.retiringcanada.ca/retirement-guide✏️ Submit YourQuestion: https://www.retiringcanada.ca/submit-your-question🌐 Retiring Canada Website: https://www.retiringcanada.ca