Wills & Trusts

Trusts

Trusts are useful mechanisms for managing and protecting assets, providing for loved ones, and achieving specific estate planning goals. At O'Connor MacLeod Hanna LLP, our trusts advisory services offer comprehensive guidance and support for clients seeking to establish, manage, or administer trusts.

Our services cover a wide range of trust types, including:

• Family Trusts: Designed to preserve and distribute family wealth, provide for future generations, and facilitate asset management.
• Henson Trusts: Tailored for disabled individuals to ensure ongoing financial support without jeopardizing government benefits.
• Inter Vivos Trusts: Created during the settlor's lifetime to hold and manage assets for the benefit of designated beneficiaries.
• Testamentary Trusts: Established through a will and activated upon the settlor's death, allowing for control over asset distribution.
• Alter Ego Trusts: A form of inter vivos trust enabling individuals to transfer assets outside of probate while maintaining control during their lifetime.
• Spousal Trusts: Structured to provide for a surviving spouse while preserving assets for future generations or other beneficiaries.
• Discretionary Trusts: Offering flexibility in asset distribution, allowing trustees to make decisions based on beneficiaries' needs and circumstances.

With our expertise in trust law and estate planning, we work closely with clients to understand their objectives and recommend tailored trust structures to achieve their goals efficiently and effectively.

Wills

A well-crafted will is a cornerstone of any comprehensive estate plan. At O'Connor MacLeod Hanna LLP, our experienced team assists clients in drafting clear and legally enforceable wills to ensure their wishes are carried out as intended.

Our services include:

• Customized will drafting to distribute assets according to your wishes
• Guidance on estate planning strategies to minimize probate tax implications
• Incorporating provisions for guardianship of minor children and care for dependents
• Updating existing wills to reflect changes in circumstances or preferences
• Corporate Wills to protect your corporate interests

With our expertise and personalized approach, we help clients navigate the complexities of will preparation, providing peace of mind that their legacy will be protected and their loved ones provided for.