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July 24th – Central Community Networks of Specialized Care – DISABILITIES & ESTATE PLANNING

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July 24 – Estate Planning

The following are the main topics discussed, along with other

matters of interest to the audience that may arise.

 

• ODSP eligibility and benefits, increasing amounts from room and

board to shelter plus supplementary benefits. Exempt asset

arrangements.

• Using and back filing the disability and caregiver tax credits, the

disability child amount and the Canada Disability Child Benefit.

• RDSPs, contributions and accumulations, payments from RDSPs.

• Guardianship. Powers of Attorney from children and related issues.

• Wills and Henson trust arrangements, and use of additional trusts

for estate and tax planning purposes. Trustee ‘conflict of interest’

issues.

• Funding trusts with life insurance

• ‘Adult dependent survivor’ pensions for adult children with

disabilities, from OMERS, Teachers, OPG, and other pension plans

• RRSP rollovers to or for adult children with disabilities and ODSP

related issues.

• Life time benefits trusts to receive RRSPs for children as parallel

trusts

• Planned giving, bequests, charitable remainder gifts and

minimization of income on death from RRSPs


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