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Trusts, partnerships and unique global structures

Wednesday, March 14, 2018 @ 8:53 AM | By Martina Zanetti and Esther Oh

Rather than owning foreign property personally and using multiple wills to deal with that properly on death, Canadian residents might consider a variety of other structures to hold that property, including trusts, partnerships, companies, or other structures unique to foreign jurisdictions.

Where the laws of the jurisdiction permit the use of a trust and it is advisable to do so, consideration should be given to where the trustees are located and how the trust is funded. These facts can impact on the trust’s residency or deemed...