Trusts and Their Use in Special Needs Planning

This presentation discussed the importance of trusts in special needs planning. The presenter explained the two types of trusts: testamentary (created under a will) and inter vivos (created during lifetime). The presenter highlighted the Henson trust, which exempts funds from asset limitations under ODSP regulations. The presenter shared personal experiences and legal challenges, emphasizing the need for proper documentation and trustee selection. The presenter also introduced the "Ability Trust Agreement," a standard living trust available online, to simplify and reduce costs for families. The presenter stressed the importance of financial advisors in guiding families through the complexities of special needs planning.

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CE Credits provided by this presentation:

* FP Canada - 1 Financial Planning credit * MFDA - 1 Professional Development credit (in bundles) * Advocis - 1 IAFE Approved credit * CSI - 1 Professional Development credit (in bundles) * FSRA - 1 FSRA Approved credit * AIC – 1 A&S credit (in bundles) * ICS - 1 Life Insurance credit * ICM - 1 Life Insurance credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
Trusts and Their Use in Special Needs 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: John Dowson

John has dedicated himself to serving the needs of the people with disabilities and their families with distinction since 1989. Whether as an advocate for changes to public policy or as a professional Special Needs Planner, John has passionately followed his calling to improve the quality of life for people with disabilities. John’s involvement lead to assisting the Ontario Government to introduce the Ontario Disability Support Program (ODSP) across the province, he gained approval that a segregated fund is an exempt asset under ODSP regulations. In 2006 he was an active contributor of the “New Beginnings Committee” creating The “Registered Disability Savings Plan” John’s insights on Special needs planning have been featured in, National News Papers, and Financial Advisors publications like the Investment Executive, Advisors Edge, The Insurance Journal, the Courier and Forum Magazine. He has been instrumental in helping to shape provincial and federal policy that makes such planning possible, and literally hundreds of Ontario families have peace of mind that would not have been possible apart from John’s efforts. His stated goal is “That people with a disabled ought to live out their lives in dignity, sharing in all the essentials of life, and to have people look beyond their attitude and see them for who they are.