Sunday, November 19th, 2017

Delegating your decision-making ability

November 15, 2014 by  
Filed under Disability planning, Estate Planning

Clients are sometimes confused about the various aspects of estate planning terminology.  A key concept to understand in any comprehensive review of your financial plan is that of incapacity – the eventuality that you are intellectually or physically unable to make decisions affecting your finances or personal care.  While some people have detailed wills that […]

Planning for disabled family members

May 22, 2014 by  
Filed under Disability planning, Estate Planning

A number of client families have a member who is considered disabled for either tax or benefit purposes.  The purpose of this article is to review a few of the relevant disability planning issues. 1. Age and capacity – For a person who is under the age of 18 the parent normally makes all the […]

More on RDSP’s

I have worked with Ottawa lawyer Ken Pope on cases where pecial planning is done for estates involving a disabled person. Ken is a specialist in this area and the following is reprinted from one of his newsletter, with his permission. The recent addition of the Registered Disability Savings Plan (RDSP) requires that any new […]

Registered Disability Savings Plans (RDSPs)

Mackenzie Financial is part of one of Canada’s largest companies and is one of the few institutions that has launched a RDSP.  Administering this type of plan is relatively expensive, requires significant systems programming and since these plans are only a few years old, they are almost all small accounts. They have produced a helpful RDSP […]