Do you have concerns about your beneficiary’s(ies') ability to manage money? If yes, then consider using a testamentary trust created by your Will.
With the dawn of GRE and non-GRE estates/trusts, Part XII.2 rules are now very much an issue for many non-GRE trusts.
Changes to the taxation of testamentary trusts become effective January 1, 2016. One of the significant changes relates to the taxation of life interest trusts. Where this life interest …