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Joint partner trusts

Joint partner trusts are useful estate planning tools that provide a way to save on probate fees and make your estate easier to administer when you die.

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A joint partner trust is an inter vivos trust — meaning that it is set up while you are alive, as opposed to a testamentary trust, which is set up after your death according to instructions in your will. To set up a joint partner trust, you must be at least 65 years old and a resident of Canada.