Bmo alter ego trust

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People over the age of 65 may also want to consider setting up an "alter-ego trust" or a "joint-partner trust," which can be done without having. Only the following types of personal trusts are eligible, as taxpayers, to utilize the principal residence exemption (�Qualifying Trusts�): 1. Alter Ego Trust . A person 65 or older can set up or �settle� an alter-ego trust for themselves or a joint spousal or common-law partner trust for themselves and.