Are you a real estate investor confused about trust agreements and trust relationships and how you can use them to your advantage? Well, you are not alone!
With the April 30th deadline for the underused housing Tax Act (UHT) approaching quickly and the upcoming trust reporting rule requirement, I’ve been getting more and more questions about this topic.
In today's video, I invited Milena Cardinal from Cardinal Law, a real estate investorfocused lawyer, to break down what a trust agreement is, who's considered a trustee, and answer all your burning questions related to trust agreements.
Milena is a rare gem in the legal world. It's hard to find a lawyer out there that's willing to talk about trust agreements and trustee and trust relationships altogether, so we are beyond privileged to learn from her.
Her firm does everything from Real Estate closings to corporate structures, Estate Planning and Estate Administration. So, whether you're a seasoned real estate investor or just starting out, Milena has got you covered.
Get ready to navigate the world of trust agreements with ease! And remember to like, share, and subscribe for more real estate tax tips and insights.
If you have questions for Milena or thoughts after watching this video, leave a comment below, and we’ll respond as soon as possible.
You can also Contact Milena here: CardinalLaw.ca

Key Moments In This Episode
========================

1:16 Introducing Milena Cardinal from Cardinal Law
5:38 Throwing it back to her humble beginnings
7:29 Intro to Trust Agreement
8:52 Underused Housing Tax Act (UHT) and trust reporting rule requirement
9:26 What are Trust agreements and trust relationships?
11:37 Who is a trustee?
13:49 Trust relationships in Joint venture agreements
16:06 The NEW Trust Reporting rule and filing requirements
18:41 Lawyers VS. trust agreements
21:47 Can you backdate trust agreements?
25:05 How do you show intention with trust relationships?
28:00 Land transfer tax and trust agreements



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