Protect your assets!

Protect and manage your assets effectively...

Our goal:

To assist you in implementing the necessary structures for

the protection of your assets and well-being...

Enjoy all the benefits of a Trust.

Structure and protection processes of BIGVUpro

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Protection from lawsuits

The primary purpose is to protect an individual's assets from potential creditors, excluding existing or known claims and lawsuits at the time of trust creation. The trust is established during the lifetime of the taxpayer.

Tax reduction

For centuries (over 400 years), the trust has been an instrument for planning, protecting, and transferring wealth. Several tax and strategic management features of trusts allow for the reduction, deferral, or even elimination of income tax.

Asset protection

Transferring or donating assets to a trust provides protection for various properties such as money, real estate, land, musical instruments, artwork, cultural assets, environmentally sensitive assets, and more from future creditors, landlords, banks, and governments.

Income splitting

Primarily aims to distribute income among members of the same family, typically in a discretionary manner based on the choices of the trustee(s). The income includes capital gains, dividend income, and interest income, among others.

Exemption

An exemption is a waiver or exemption from the payment of tax, duty, or fee under certain conditions specified in one or more laws. For instance, low income is a reason for exemption from certain taxes or fees.

Donation structure

The majority of donations are made in the form of monetary contributions. However, it is also possible to donate in other ways. For instance, one can choose to give a real estate property, land, a musical instrument, artwork, a cultural asset, an environmentally sensitive asset, and more.

List of commonly used trusts...

If you are seeking a different type of trust, ask us, and we will create it with you.

You have worked hard all your life, putting in place the necessary elements for your well-being and that of your loved ones. Have you considered what would happen if the economy, a poor decision, or illness were to jeopardize your assets? How are you protected when creditors come after your assets?

Exclusive Spousal Trust

Tax term referring to a trust, either testamentary or inter vivos, created in favor of the spouse, meaning that only the spouse has the right to the income for their lifetime, and no other person besides the spouse can use or otherwise receive the income or capital of the trust during the spouse's lifetime. An individual can benefit from a tax rollover when transferring assets to such a trust as if the transfer were made directly to their spouse.

Freeze Trust

Undefined tax term that refers to an inter vivos trust commonly used in the context of corporate reorganization and estate planning for the purpose of implementing an estate freeze and facilitating the transfer of a family business to the next generation.

Real Estate Trust

Undefined tax term that refers to a trust created for the purpose of holding and managing a property instead of a corporation, primarily to avoid the payment of capital tax and provide certain creditor protection.

Mixed Trust For The Benefit of TheSpouse ("joint spousal trust")

Newly introduced tax concept that refers to a trust established after 1999 by a settlor who is at least 65 years old. The settlor transfers their assets to the trust through a tax rollover, and the trust's income must be attributable to either the settlor or their spouse until the death of the last surviving spouse. During their lifetime, no other person besides the settlor or their spouse can receive or obtain the income or capital of the trust.

Alimony Trust

Undefined legal term referring to a trust established by court order or agreement in the context of spousal support payments during a divorce or separation.

Asset Protection Trust

Term generally referring to a trust established with the purpose of shielding the assets of the settlor from their creditors.

Private Purpose Trust

Trust defined by the Civil Code referring to a trust that serves a private purpose, such as indirectly benefiting a person or perpetuating their memory, or preserving a tangible asset. For example, a trust established to maintain a funeral monument or a trust for a mutual fund.

Social Utility Trust

Trust defined by the Civil Code referring to a nonprofit trust that serves a purpose of general interest, including cultural, educational, religious, or scientific purposes. For example, a foundation for heart diseases. Learn more.

Testamentary Trust

Trust established by a will and only taking effect after the death of the settlor for income tax purposes. Learn more.

Alter Ego Trust or Self-Benefit Trust (tax term)

Trust created after 1999 by a settlor who is at least 65 years old. The trust deed must specify that only the settlor is entitled to the income of the trust for their lifetime, and no other person besides the settlor can have rights to the income or capital during the settlor's lifetime. The settlor can transfer their assets to such a trust using a tax rollover, but this trust cannot be used for income splitting. This type of trust will be used, among other purposes, in provinces other than Quebec, to avoid probate fees (estate administration taxes that represent a percentage of the estate's value).

Commercial Trust (in the tax sense)

Undefined tax term that refers to a trust in which the beneficiary's right has been acquired for valuable consideration, such as through participation in a "trusteed RRSP" or in a mutual fund trust.

Discretionary Trust

Undefined tax term that generally refers to a trust in which the trustees have the power, at their discretion, to determine which beneficiary or beneficiaries are entitled to the income or capital of the trust. The beneficiaries of a discretionary trust are commonly referred to as discretionary beneficiaries (for example: "The trustees shall have the power to determine, in their sole discretion, the share of the beneficiaries with respect to the income and capital of the trust...").

Trust With a Right of Reversion

Undefined tax term that generally refers to a trust where the trust deed provides either that the assets transferred by the settlor may eventually revert back to the settlor or that they cannot be disposed of without the settlor's consent or in accordance with their instructions. In the presence of such a trust, the income and losses of the trust are deemed to be those of the settlor due to the attribution rule applicable to trusts with a right of reversion.

Solutions for successful individuals

Implement the protection and wealth enhancement strategies used by powerful individuals through the processes and technologies of BIGVUpro. Safeguard your assets and wealth to ensure their longevity and leave your loved ones with the treasure of your life!