Levy Zavet LLP has years of experience dealing with Trust-related legal situations and offers a highly motivated and educated team of Lawyers and Paralegals in the Ontario area. Dealing with Trust handling can be a difficult experience for those who do not have much legal experience, and the legal team at Levy Zavet LLP knows this, which is why we work our hardest to provide clients with a thorough understanding of their legal situation and potential options. Our Lawyers listen carefully to all of our clients’ worries and concerns and work hard to help them accomplish both their short-term legal goals, as well as their long-term legal goals.
Levy Zavet LLP offers free and completely confidential consultations to all potential clients. During a scheduled consultation, potential clients can go about explaining their individual legal situations and learn what the Lawyers at Levy Zavet LLP can do for them and how they can go about retaining our services. There is nothing more important than having a Lawyer you can trust, so call Levy Zavet LLP today to schedule your free consultation. When it comes to dealing with a Trust-related situation, our team of legal experts can provide fast and professional results for almost any legal situation.
Related Trusts Law Articles Written By Our Lawyers
With significant potential for favourable rates of return and previously instituted tax exemptions, Canadian Mortgage Investment Corporations (MIC’s) are increasingly becoming recognized as a low-risk method of investment. In 1972, ...
Orders for Assistance Other kinds of orders are necessary in estate matters in specified circumstances, Rules of Civil Procedure (Rules), r. 74.15, which can be obtained from the court. For ...
Submission of Rights to the Court After submitting his or her rights to the court, Rules of Civil Procedure (Rules), r. 75.07.1, a person can either: Request on a motion ...
Order for Return of Certificate (Probate already obtained) When a Certificate of Appointment of Estate Trustee (Certificate) has already been issued, the proceedings to challenge a will are not commenced ...
When someone seeks to overturn the last will and testament of a deceased, the process is known as challenging a will. Usually, the common grounds for challenging the validity of ...
The precise nature of the executor/trustee/personal representative’s obligation to advise the surviving spouse is not clear. If the estate trustee is responsible only to the estate and its beneficiaries, he ...
Income Taxes at Death Claims arising on the death of a spouse are not many, nor is there much jurisprudence dealing therewith. But claims arising on marriage breakdown are not ...
Restrictions on Distribution of Estate After the death of a spouse, no distributions can be made out of the estate during the six month period immediately following the deceased spouse’s ...
It cannot be stressed enough how important it is for the surviving spouse to establish his or her entitlement to insurance proceeds and to survivorship benefits under pension and similar ...
The Equalization Claim A right for the surviving spouse to make an equalization claim under the Family Law Act (“FLA”), subsection 70(1)(b), is possible only due to the death of ...
The Impact of the Family Law Act on Estate Administration The administration of estates became very complicated with the enactment of Ontario’s Family Law Act (“FLA”) in 1986. Before that, ...
Taxation of Beneficiaries Under subsection 104(13) of the Canadian Income Tax Act (“ITA”), the income of a trust or estate that is paid or payable to a beneficiary is taxed ...
Trusts and Attribution The attribution rules for trusts, transferors, and so on are given in Subsections 74.1(1) and 74.2(2) of the Canadian Income Tax Act (“ITA”). These rules are meant ...
If capital property of a taxpayer is transferred to a qualifying inter vivos spousal trust, s.73(1) of the ITA permits the property to be transferred at its adjusted cost base. ...
Classification of Trusts 1. Testamentary Trusts The Income Tax Act defines a testamentary trust as a trust or estate that is formed consequent to the death of a tax-paying individual ...
Rates of Tax Under s. 117, ITA, a testamentary trust is subject to tax, at the same graduated rates as an individual, while the rate of tax payable by an ...
Taxation of Trusts The taxation of trusts and their beneficiaries are dealt with under Sections 104 to 108, inclusive, of the ITA. The fundamental principle with respect to taxation of ...
Beneficiaries Should the beneficiaries be not specifically referred to by name, they could be referred to by class, such as “children”. However, the description of the class has to be ...
What is a Trust? The word “trust” has not been defined in the Income Tax Act (ITA), nor is there any definitive guideline to establish whether or not a trust exists. The ...
TAXATION AT DEATH AND PERSONAL TAX PLANNING Extension of Time for Filing Returns Along with the extended deadline for the filing of the basic terminal return, there is a special ...
Our Trusts Law Lawyers & Law Clerks
Jeff Levy
Managing Partner & Co-Founder - Lawyer
Jeff Levy is the managing partner at and co-founder of Levy Zavet PC, Lawyers. Mr. Levy is an experienced Ontario-based lawyer practicing primarily in the areas of real estate, mortgages, corporate law…
Michael Suria
Senior Associate - Lawyer
Michael Suria joined Levy Zavet PC as an associate in 2011. Michael graduated from the University of Toronto with an Honours B. Sc. in Biochemistry, where he graduated with Distinction. Prior to studying…
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