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There are two certainties in life: death and taxes. Let us help you with planning and preparing for both. Cross & Co offers trust fund set-up and management and estate planning.
The estate's legal representative or executor is responsible for administering the deceased's assets and liabilities according to the terms of the will. Ensuring that proper tax returns are filed according to the law is also a responsibility of the legal representative.
Cross & Company has the experience in preparing all the necessary returns and forms for estate planning, for both the deceased taxpayer and the on-going estate and in advising on taxation matters for executors, notaries and lawyers. We work with your legal representatives to make the process as painless as possible.
Trusts Simplify Your Estate Planning
A will ensures your heirs get exactly what you want them to, but a trust can simplify the process of transferring these assets to your heirs. The main difference between the two is that a trust lets you transfer assets to beneficiaries while you’re still alive, and a will transfers your assets when you die. A trust is a legal entity that owns some or all of your assets, such as bank accounts, real estate, stocks and bonds, mutual fund units and private businesses. The terms of a trust are more legally binding than those of an ordinary will, which can be challenged in a court of law as to whether it fulfills the deceased's "moral obligation." A trust also allows you to avoid the probate process, where the contents of your will are made publicly available. Cross & Company can let you know if and when it is advantageous for you to set up a trust and refer you to an experienced professional who can set one up for you.
Cross & Company can assist with:
- The set up and administration of testamentary and inter-vivos trusts (including family, spousal or common law partner, alter ego)
- Tax and estate planning to ensure most advantageous transfer of assets