Whether your children are younger or older there are a few things to be considered about how your estate will be distributed to them. Read on about how the distribution of your Will works.
If you are leaving assets or inheritance to a disabled child or individual and you would like them to still be eligible for government benefits, something that should be considered is the use of an absolute discretionary trust for them. More commonly known as a Henson Trust, named so after Leonard Henson of Guelph, Ontario. Continue reading
Known as a common disaster clause, couples should ensure that their residual estate would pass to the surviving spouse only after surviving the testator by a specified period of time, typically 30 days. This means that if one spouse were to die, instead of the residual estate passing immediately to the other spouse, it is held up for the specified period of time.
Accumulation Annuities (AA’s) are an often over looked Estate Planning or Small Business Planning tool. They are an insurance industry guaranteed investment product that is very similar to banking industries Guaranteed Interest Certificate, but with two very desirable advantages. Continue reading
