Episode 75 - How Everyday Canadian Families Can Use a Trust with Richard Weiland
In British Columbia, a trust can keep assets out of a will—and may help prevent a surviving spouse from cutting stepchildren out of an inheritance. But that protection comes with real costs: setup can run several times more than a will, and the trust may have to file its own tax return every year. On this week's episode of Your Estate Matters, Nicole and estate lawyer Richard Weiland unpack when trusts can help blended families, vulnerable beneficiaries and family-cottage owners—and when they may add more complexity than value. They also explain why U.S. “living trust” advice may not work in Canada, and how a family business can be sold to its employees through a newer trust structure.
--
Follow Richard Weiland:
Website - https://www.cwilson.com/people/richard-weiland/
LinkedIn - https://ca.linkedin.com/in/richard-weiland-llb-tep-5982a613
Follow Heritage Trust:
Instagram - https://www.instagram.com/heritagetrustbc/
Website - https://heritagetrustcompany.ca/
Youtube - https://www.youtube.com/@heritagetrustco
Get the Estate Club Starter Kit here:
