Estate Planning & Trust Services
Whether you are an Executor for a loved one's estate, planning your own estate, or acting as a Trustee , we offer solutions and services that can help.
Trustees face several complexities and obligations, including ensuring the trust assets are protected, keeping proper accounts and providing detailed accounting to beneficiaries . What to consider when you're named as a trustee : Complex family dynamics - Administering a trust can often create family conflict or renew existing family discord.
The responsibilities of a trustee can be complex and time consuming, putting you at personal and financial risk. As a trustee , you must remain objective and ensure fairness and adherence to the trust deed when conflicts arise between beneficiaries or family members.
Through the services of BMO Trust Company, BMO Private Wealth offers a range of trust and estate solutions, including estate settlement, substitute decision making, trustee services , agency, and trust administration. Contact one of our professionals to discuss your specific needs.
Add a beneficiary or successor to your registered account
Notes: You can name multiple primary beneficiaries and assign specific percentages to each. Once you name a primary beneficiary, you can't name any successor holder. Where a beneficiary is a minor child, it is your responsibility to ensure that a trustee and/or a guardian of the minor child's property has been validly appointed under applicable provincial law.
Whether you are looking to plan for your family's financial future, for executor and trustee services , practical strategies that balance your family priorities and charitable goals, or for assistance in keeping your financial assets safe, we can help For more information, click here.
