Best Real Estate Lawyers in Nanaimo, BC

A large number of the folks we advise first walk in the door wanting to talk about “having a trust,” “making a trust,” “using a trust,” or having an “in-trust account.” In our experience, very few people arrive with much of an idea of what a trust actually is or the basics of how a trust operates. Fortunately, we enjoy explaining such things. One way we have found effective in helping people who don’t spend their evenings and weekends writing articles like this to understand the basic idea of a trust is the following. An example... Imagine I am sitting in a bustling food court, holding a large envelope with my name written in big, bold lettering on the outside. The envelope is filled with cash. As someone tries to take some money from the envelope, I protect it. But then, I appear to notice a person at a nearby table, enjoying their lunch, and I hand them some money. It seems to you that I have decided to share some cash with them. To you, the envelope and money appear to be mine. My name is on the envelope. I protect the money from people who try to take it. I give it to others who I appear to want to give it to. What you cannot see is that on the side of the envelope facing me is a set of instructions from my brother. They say: “Martin, I am giving you this money because I am dying, and I want you to hold onto it, take care of it, invest it, and use it to take care of my developmentally disabled son, Frank, including paying for his food."...