That depends primarily on your family’s needs and the types of assets you own. But there are other considerations to factor in. For example, a spousal trust can be created during your lifetime or in your will. If you create a spousal trust in your will, probate fees will be payable on the assets put into the trust, and the assets passing in the trust are open to a wills variation challenge. https://onyxlaw.ca/estates-and-trusts-law/vancouver-estate-litigation-lawyer/will-disputes/ A spousal trust created during your lifetime avoids probate fees and are not subject to a wills variation challenge. https://onyxlaw.ca/estates-and-trusts-law/vancouver-estate-litigation-lawyer/validity-of-a-will-or-trust/
Our estate planning lawyers can help you determine what type of trust(s) would be most advantageous and recommended as part of your estate plan.