The Essential Guide for Disability Estate Planning

This presentation discussed the essentials of disability estate planning, emphasizing the importance of understanding client needs. The presenter highlighted that one in ten households in Ontario has a family member with special needs, with 378,000 on ODSP aged 18-65. Key strategies include maximizing ODSP benefits, utilizing disability tax credits, and setting up Henson trusts to preserve provincial benefits. The presenter noted that only 37% of families have Henson trusts and stressed the significance of life insurance and RDSPs. The presenter also addressed the complexities of legal guardianship and the potential for substantial estate accumulation, underscoring the critical role of financial advisors in this niche market.

Presentation Preview:

Want to learn more about this presentation? Click the video to the left to watch the first 3 minutes! Full presentation time: 1h 2m

How to Earn Your CE Credit?

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CE Credits provided by this presentation:

* FP Canada - 1 Financial Planning / General credit * Advocis - 1 IAFE Approved credit * FSRA - 1 FSRA Approved credit * ICS - 1 Life Insurance credit * ICM - 1 Life Insurance credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
The Essential Guide for Disability Estate Planning
1. (Included in full purchase)
  Introduction and Instructions
2. (Included in full purchase)
  The Rules Governing CE Credits
3. (Included in full purchase)
  Presentation Overview
4. (Included in full purchase)
  Presentation Video
5. (Included in full purchase)
  Presenter Resourses

About the Presenter: Ken Pope

Kenneth C. Pope is one of the most experienced practitioners in Ontario providing services to families with a family member with a disability, and has focused his practice to help them put in place Henson trusts, which ensure that the child with a disability will not lose provincial disability benefits as a result of their inheritance. He also acts on behalf of clients to deal with Canada Revenue Agency to back file disability related tax credits and recapture substantial amounts of taxes which should not have been paid, typically recovering $16,000 to $22,000. His goal is to ensure that his clients will be able to plan effectively for the future of their family members. This includes the use of trusts for family members to minimize taxes payable on income earned from inheritances. He has been helping families to think through their future needs, and to provide for their families with appropriate arrangements, since 1980. In his practice, Ken tailor-makes solutions so that all his clients can take care of these important responsibilities and enjoy peace of mind. His knowledge and experience with Estate Planning offers his clients the full range of options suitable for their situation, all provided by a single source law firm.