Why do I need I protection?
What is a Kuvasz Tax &
Family Trust Solution and why do I want
it?
The difference
about The Kuvasz Tax & Family Trust
Solution?
How do I get
started?
How long will it take?
What about my
privacy?
Who will help me?
Will this cost
more?
Can I use my
lawyer/accountant?
How can a Lawyer/
Accountant earn more with "The Kuvasz"?
What can
be considered assets?
Why do we
not use off-shore trust?
Can
the settlor and trustee be the same
person?
Can the
settlor and beneficiary be the same
person?
Can I use my
relatives, friends and people I know to
become a trustee?
What is the
difference between a lay trustee and a
professional trustee?
Can creditors go
after the assets in my trust?
Can assets
in the trust be reachable by creditors
of the beneficiaries?
Can Kuvasz Tax
& Family Trust be used to deduct
business expenses?
Can a beneficiary
be a non-resident of Canada?
If I do not
own anything, how can I acquire
financing?
Don’t incorporations
offer limited liability protection?
To whom does
liability apply to in the incorporation?
Can directors avoid
liability by resigning?
Where do
accountants and lawyers fit in?
What is
included and not included in the
package?
Who are the lawyers
and accountants acting for?
How far back can creditors place a lien
against the assets?
Do you offer
insurance to your clients?
How do you manage flat
fee services?
How long have Kuvasz
been in operation?
Do we serve the United
States clients?
Why do
I need I protection?
If you have something your fear to lose,
you should at least consider a more
permanent form of Corporate and
Estate Planning in addition to your
annual insurance purchases.
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What is a Kuvasz Tax & Family Trust
Solution and why do I want it?
The Kuvasz Tax & Family Trust Solutions
are exactly the same as the expensive
Corporate and Estate planning Tax &
Trust structures that are tailor-made
and sold to wealthy clients every day as
a successful way to better organize and
protect what they worked so hard to earn
or inherit.
The
Added difference is The Kuvasz's 'Nested
Trust' solution which was given the name
"The Kuvasz" for it's name sake "The
Kuvasz Guardian Dog" for is
second-to-none protection of both the
home and business owners' assets
Everyone wants protection, but the
question often comes down to
"where do I find it?"
or "where do I find it
and afford it?"
The
Kuvasz Tax & Family Trust will provide
you with the references to the key and
expert Corporate and
Estate Planning Professionals who
will provide you with the knowledge and
recommendations you need for your own
tailor-made corporate or estate planning
strategy for as long as you like, and as
in depth as you like - for one low
price.
The
result will provide a stress free,
friendly rapport between a well paid
professional and a well served, not
over-charged client.
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The difference about The Kuvasz?
You, the client’s ability to better
understand how this more permanent form
of protecting your estate is done and do
it yourself, on your own time and dollar
– in true Canadian Entrepreneur style:
a) The Kuvasz
provides FLAT rate prices, essentially
unheard of in high level Trust Expert
Accounting and Trust Expert Professional
circles.
b) The Kuvasz
provides annual Lay Trustee services,
also at Flat rates. The Kuvasz Lay
Trustee services also include an annual
Managerial Accounting of Financial
Statements to ensure you are only paying
the appropriate amount of taxes every
year.
c) The Kuvasz
includes an
Insolvency Report to demonstrate
that changes that you make to your
estate are well within the rules and
guidelines of Canada's conveyancing laws
regarding any creditors that you may
have or may have in the future.
d) The Kuvasz will,
free of charge, provide you with
referrals to the best professionals and
offer you financing to any and all of
your legal & accounting expenses to
implement your Kuvasz Tax & Family Trust
Solution.
Like the business
people that we all love to do business
with - We guarantee it.
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How do I get started?
As Easy as
1-2-3 !
1) Simply fill out our introductory
questionnaire and credit applications on
line and call into the Kuvasz Tax &
Family Trust's offices as a new client.
If you do not choose the financing
option, we will require a $1,250 deposit
to begin processing your strategies for
you. Once payment has been arranged, The
Kuvasz staff refer you to one of our
Kuvasz-referred Accountants (CA) for an
insolvency review. Once that report is
completed, The Kuvasz Logistics staff
will then organize your meeting with a
Kuvasz-refered, independant and
Professional Financial Planner to
complete a questionnaire and discuss
financial planning, insurance and
investment ideas to augment your future
Tax & Family Trust structure.
2) The Kuvasz then
coordinates a meeting with your
Trust-Expert Accountant to discuss your
Tax & Family/ Business Trust Solution.
This independant Professional will
answer all of the questions that you may
have as you decide on the best Tax &
Family Trust Solution for you.
3) Once you have
chosen a solution that best suits you,
we will then send the proposal to your
lawyers who will review your Kuvasz Tax
& Family Trust Solution and report as
independent counsel so as to ensure you
are professionally fitted and legally
backed. Any of the costs to incorporate
company(s), transfer assets, draft legal
letters etc. will be completed and
invoiced to you by your own lawyer; we
offer financing for any of these fees so
that they will fit into one easy monthly
payment plan of your choice.
Your journey into the
safe guardianship of a "Kuvasz Tax &
Family Trust Solution" has begun.
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How long will it take?
As long as it takes for you to take
stock of your life and what, and who,
you have in it.
The Kuvasz Tax & Family Trust Solution
has been developed with the busy, hard
working employee, business owner,
entrepreneur in mind; we all have busy
schedules, family, ongoing deadlines
that need our full attention. The
questionnaire provided to you as Kuvasz
Tax & Family Trust Solution client will
ask you information that you already
have - about you and what's more,
you can do it on your own time, from
your own laptop, home PC or kitchen
table - 24-7.
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What about my privacy?
As a Kuvasz Tax & Family Trust
Solution client, you will be able to
access any of our financing applications
and questionnaire online thru a secure
server that will ensure your privacy.
Or, you can print them, fill it in by
hand and bring it or mail it to The
Kuvasz Offices to ensure 100%
security of your personal information.
Only
bonafide, Corporate and Estate planning
industry experts and professionals will
be referred to you; "The Kuvasz"
Logistics team simply provides you a
more efficient and economical way to
access these Professionals' services
than has been previously available.
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Who will help me?
During your Kuvasz Tax & Family Trust
Solution implementation, you will be
referred to Trust-expert Accountants,
Financial Planners, Insurance agents and
Trustees who will assist you.
The
Kuvasz Tax & Family Trust Solution is
unique; "The Kuvasz" will provide you
references to Top Notch
Estate Planning professionals in
your local area or you can choose to
work with your existing Accountant,
Financial Advisor or Trust Experts; you
decide. Give our offices a call; we
would be more than happy to provide you
with more information regarding how easy
it is for both clients and professionals
to use "The Kuvasz" system. 604-638-7395
The
Kuvasz Logisitics staff will provide you
with written material provided from any
of the professional fields dependant
upon the nature of your question; if
your question is so unique that answers
for it are not yet published, the
independant professionals in each area
of expertise are always available to
take your call and answer your questions
within reasonable space and time; they
look forward to continuing their
relationship with you just like any
other professional.
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Will this cost more?
One price, one place, many
experts' advice ....right at your
fingertips.
Once the corporate and/or estate
structure that you require is confirmed,
you will not pay more for your Kuvasz
Tax & Family Trust Solution. You can
continue to ask questions and receive
answers regarding your new Kuvasz Tax &
Family Trust corporate or estate
planning strategy as long as you
continue to be a Kuvasz client. In
addition, our professionals will be
available to you for further work that
you may request in related or unrelated
to your Kuvasz Tax & Trust Family
Solution and they would be happy to
discuss any additional pricing for these
services, upfront in advance of any
expectation on your part.
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Can I use my lawyer/accountant?
The Kuvasz Tax & Family Trust Team has
developed an unique Referral (Affiliate)
program that is available to all
Corporate and Estate planning
professionals; if you have a favourite
lawyer that you enjoy sending business
to or doing business with, we would be
happy to show them how they, too, may
increase their client base, as well as
their rate per hour, through utilizing
"The Kuvasz Tax & Family Trust Solution"
and The Kuvasz's Logistics Services..
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How is it possible for an Accountant and
other professionals to earn more through
The Kuvasz?
The Purpose of The Kuvasz is to
provide an essential Corporate and
Estate planning structure for anyone who
feels they have something to lose - be
it a family home or an invention or
idea, or even an entire business;
anything that they fear to lose given
today's cautious atmosphere.
The volume of professional advice that
is required to guide a client through
the maze of complexity and
interdependent Legal and Tax rules and
laws of corporate and estate structures,
is vast. "The Kuvasz" refers independant
Trust-Expert professionals for each area
of expertise, instead of having one
expert (or specialist) try to do it all,
for their high hourly price over many
hours of research.
The result: Each expert only does
what they were specifically trained to
do: Financial Planners know the
best strategy to make certain assets
work best with others. Highly
skilled Accountants know the best tax
strategies for the best bottom line
outcome etc. Instead of one
professional taking many hours to figure
and juggle every detail, a few
professionals take a fraction of that
time in their specific area of
expertise.
With "The KUVASZ TAX & FAMILY
TRUST SOLUTION", Professionals earn more
per Corporate/Estate Plan than they have
historically, charging by the hour.
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What can be considered (Legal)
assets?
There are no limits as to what may constitute an asset.
Assets can be real estate, stocks, mutual funds, bonds, valuable assets (art
work, jewelry, collects), personal use property (car, boat furnishing),
equipment or any tangible things you view has value. The exception is those
deemed illegal or the proceeds of crime.
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Why do we
not use off-shore trust?
Off-shore and higher sophisticated Trust and Tax
recommendations are available through the Kuvasz Tax & Family Trust Company;
pricing is adjusted from our Services Package pricing for our clients who
request a recommendation on offshore assets and their management.
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Can the settlor and trustee
be the same person?
Only in a inter vivos or living trust although there is no
impediment for settlors to constitute themselves as trustee. Settlor should not
act as a trustee. This can also trigger taxation of all income and capital gains
in ss.75(2) of the Income Tax Act.
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Can the settlor and
beneficiary be the same person?
There is no prohibition against a trustee also being the
beneficiary. Where a
trustee is also a beneficiary, however, all conflicts of interests must be
avoided
because the primary duty of the trustee is to protect the property to the
benefit
of all of the beneficiaries even as may hinder the trustee's own private
interests.
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Can I use my relatives,
friends and people I know to become a trustee?
It is not prudent to use relatives and friends as trustees
unless they are properly trained. The trustee is governed by the Trustee Act.
The trustee is liable and will be held in court for any decisions not held for
the best interest of the beneficiaries.
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What is the
difference between a Lay Trustee and a Professional Trustee?
A Lay Trustee is a "prudent, reasonable and honest person"
who acts as the trustee. Professional trustees are entities like trust companies
and corporations and individuals such as private client accountants and estate
administration lawyers that act as the trustee.
Typically a professional trustee is used when the trust is in
active use for the sales and purchases of stocks, bonds and other securities or
when beneficiaries are public bodies. Unlike Lay-Trustees, pricing for
Professional Trustees is not fixed; pricing is commonly based upon a percentage
of the ongoing value held within the Trust itself.
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Can creditors go after
the assets in my trust?
If the assets has creditor claims prior to the trust
creation, the assets can be reachable by those creditors.
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Can
assets in the trust be reachable by creditors of the beneficiaries?
A clause in the trust to add or remove beneficiaries
can prevent creditors from reaching into the trust.
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Can Kuvasz Tax &
Family Trust be used to deduct business expenses?
In most cases, Kuvasz Tax & Family Trust can be written
off as a business expense.
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Can a beneficiary be a
non-resident of Canada?
A beneficiary can be a non-resident of Canada. Please contact
our trust expert accountant for any offshore or non-Canadian issues.
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If I do not own
anything, how can I acquire financing?
The trust can apply for financing - provided that the
financing is in the benefit of the beneficiary.
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Doesn't Incorporating my
business offer limited liability protection?
Creditors with a claim against the assets of the company
would normally have no legal rights or remedies against a company's shareholders
and directors.
However, there are many instances of directors'
liability at common law, under federal and provincial statutes, and under the
Civil Code of Québec. Shareholders who are also directors of the company are
personally liable for the incorporation under the Director Liability of the
Canadian Corporations Act.
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top
To whom does liability
apply to in the incorporation?
Individuals who are acting in the capacity of directors - de
facto directors - but who may not have actually been elected as such may be
exposed to directors' liability
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Can directors
avoid liability by resigning?
Resigning as a director does not affect a director's exposure
to liability for actions or omissions while in office.
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Where do
accountants and lawyers fit in the Kuvasz Tax & Trust?
The Kuvasz Tax & Family Trust Solution is a 9 step process.
The accountants’ roles mainly fall into Step 2: Providing an insolvency report
and Step 3: Evaluation and Assessment of your current situation.
The lawyers’ roles rest with Step 5 and
Step 7 in the Kuvasz process. In Step 5, the lawyer will review the Kuvasz Tax &
Family Trust proposal and draft the legal documents to setup the Trust. Wills
will be drafted if it is required. During Step 7: Trust Funding, the titles of
your assets will be transferred to your Trust(s).
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What is included and not
included in the package?
See our service package page on our website to view
what is included in the Kuvasz package. Kuvasz Tax & Family Trust offers
financing to additional accounting and legal services that you require –
exclusive to Kuvasz clients.
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Who are the lawyers and
accountants acting for?
The accountants and lawyers are acting on your behalf to look
for your best interest in your estate planning.
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How far back can creditors place a lien
against the assets?
Only to the date of the trust, unless it can be proven
the trust was created to
avoid known creditors or pending liabilities.
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Do you offer insurance to your
clients?
Step 8 of the Kuvasz Tax & Trust Solution will have insurance
experts analyze different types of insurance products to compliment your Kuvasz
Tax & Family Trust Solution for your insurance agent to review.
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How do you manage flat fee
services?
Estate planning not only requires legal advice, but
includes financial planning, accounting, Trustee and Insurance recommendations
also.. Kuvasz has brought together accountants and financial planners to offer
you these services at the price point that they are offered in the marketplace -
not in a lawyer's office.. Hence lawyers no longer invoice you on your
accounting, financial planning, trustee and/ or Insurance advice.
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How long have Kuvasz been in
operation?
The Kuvasz Tax & Family Trust Solution was first inspired by
Michael Hines; Tess Lawson marketed The Kuvasz Tax & Family Trust to life in
2004.
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Do we serve the United States clients?
Currently, Kuvasz Tax & Family Trust Solution is only
available in Canada. Kuvasz plans to offer its services to United States in the
future.
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KUVASZ
TAX & FAMILY TRUST - FAQ's
