A trust is a legal arrangement where one party (the trustee) holds and manages property for the benefit of another (the beneficiary). Trusts can be created during your lifetime or through your will. In British Columbia, trusts are governed by both common law principles and the Trustee Act.

Trusts offer a flexible and powerful means of controlling how your assets are preserved, used, and transferred—during your lifetime and after death.

Why Use a Trust?

Trusts are used for a variety of purposes, including:

• Providing for minor children, dependents with disabilities, or beneficiaries who may not be financially responsible
• Avoiding probate and minimizing estate administration costs
• Protecting family wealth from creditors, marital breakdown, or legal disputes
• Managing complex or high-value estates
• Supporting charitable giving
• Planning for incapacity or long-term care needs
• Facilitating intergenerational wealth transfer

Trusts are powerful tools for asset protection, supporting vulnerable beneficiaries, reducing taxes, and managing wealth across generations.

At Pax Law Corporation, we work with individuals, families, and business owners to design and implement trust structures that are legally effective and aligned with their broader estate and financial planning objectives. Whether you are creating a trust during your lifetime or through your will, we ensure your intentions are carried out with clarity, efficiency, and legal integrity.