Prepare an Alter Ego Trust Deed with this easy-to-use template, pursuant to the provisions of the Income Tax Act (Canada).
- An alter ego trust is a trust created after 1999 by an individual aged 65 or over.
- The individual has the exclusive right to receive all income from the trust.
- No other person, prior to the individual's death, may receive or otherwise obtain the use of any part of the trust's income or capital.
- Upon the death of the individual, the trust will hold any remaining assets for the benefit of other beneficiaries named in the Trust Deed. The trust will be able to distribute those assets to the other beneficiaries without the assets having to go through the probate process.
This Canada Alter Ego Trust Deed
is available in MS Word format, and is fully editable to fit your specific circumstances.