Archive for the ‘Trusts’ Category

Principal Residence Exemption and some of the “What if’s”

Tuesday, July 26th, 2016

In my last blog, I wrote about the role of “beneficial” ownership in the determination of whether a property qualifies for the principal residence exemption. With an acknowledgment to Keith Masterman of “”, I thought I would take the opportunity to write about some other “what if’s” and how the exemption ...

When Business Agreements Masquerade as Trusts

Wednesday, July 13th, 2016

Trusts are tricky – they can arise in circumstances where none of the parties involved ever use the word “trust.” There is good reason for this; often the settlor of the trust and the trustee are laypeople who can describe the type of relationship they wish to create, but are ...