Trusts & Estates

A testamentary trust is a trust or estate that is generally created on the day a person dies. All testamentary trusts are personal trusts. The terms of the trust are established by the Will or by court order in relation to the deceased individual’s estate under the provincial or territorial law.

Please note: The typical estate takes a minimum of two years to complete to CRA’s requirements.

If you would like to set up a testamentary trust or have questions and concerns about the process or how it works, contact the team at AACT Financial Solutions. We would be happy to assist you to better understand the responsibilities of managing a testamentary trust..