Hello, my husband and I live in Vancouver, B.C. and we have two young grandsons (6 & 4) living in Manitoba. We want to buy some real estate in Manitoba and put it in a Trust Fund for the 2 boys until they reach 21. How might we go about setting up such a thing ?
To set up a trust with your grandchildren as beneficiaries, you should seek out the advice of both a lawyer and accountant who are familiar with those issues. Setting up a trust properly can be fairly complicated and not something that should be attempted on your own. You can get an initial consultation with a lawyer fairly inexpensively through the Canadian Bar Association of British Columbia's lawyer referral service:
I hope this helps.
Juris Doctor, Member of the Law Society of Upper Canada