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Old 15th Oct 2009, 15:38
  #62 (permalink)  
RatherBeFlying
 
Join Date: Sep 2001
Location: Toronto
Posts: 2,559
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Family Trusts

The Wealth Management folks can set up a Family Trust to hold your assets and disburse to the beneficiaries.

When your children marry, the trust can take a mortgage on their house. If they split up, the mortgage has to paid back to the trust Or the trust can buy the house and rent it to them

If a beneficiary does something stupid, the assets in the trust are beyond reach.
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