Family Trust Final Distribution and Windup Package | Canada

Prepare the resolutions and documents to  make a final distribution of trust assets to the beneficiaries and wind up a family trust with this package of forms for Canada.

• The package contains the following forms:
  • Letter from the responsible law firm to the trustees;
  • Resolution of the trustees distributing all of the trust property and assets to the beneficiaries;
  • Receipt for trust property, to be signed by each beneficiary upon receipt of their share of the trust property;
  • Final reporting letter from the law firm to the trustees enclosing the signed documents;
  • Resolution of the corporation in which the family trust holds shares, authorizing the share transfers from the family trust to the beneficiaries;
  • Resolution of the trustees paying out the balance of a loan and cancelling a promissory note securing the loan.
• The forms are provided in one package, as a downloadable and customizable Microsoft Word file.
• Governed by Canadian tax laws and intended to be used only within Canada.