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Subscribe to this list via RSS Blog posts tagged in disabilities

Parents of children with disabilities should look at a Henson Trust

Posted by on in Estate Planning

Parents want to protect their children. For the parents of children with a disabilities, this is especially important, as their child may not have the financial means or the capacity for financial independence. When estate planning, one option these parents have is to set up a Henson Trust.

 

The Henson Trust was first created in Guelph, Ontario, in 1989, when the Henson family wanted to set up a trust for their disabled daughter. A Henson Trust protects a disabled child’s disability benefits.

 

The following is information about the Trust, as published by Tax, Retirement & Estate Planning Services at Manulife Financial. (Note: the Henson Trust may not be available in Alberta and Saskatchewan, and is at the discretion of the Social Ministry in Quebec).

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