Financial Advisor, Estate Planning, Insurance, Mortgage Broker and Loan Referral Services.
I’ve known franchisee Ike for several years, ever since his trusted public accountant Ronald introduced us. Ronald wanted me to implement some tax minimization and tax deferral solutions for Ike, focusing on executive compensation, pension and succession exiting strategies. Ike is a multi-unit franchisee with plenty of business sense but everyone can benefit from some [...]
Find A Financial Advisor
Trusts are not just for the wealthy or families with a special needs child who require the provision of a Henson trust. Contrary to general belief, trusts can be useful for a significant group of people.
A testamentary trust (one which is included in a will) is especially valuable for tax reduction when a family has [...]
Sometime ago I began a very fruitful dialogue with Kenneth C. Pope, LLB, a lawyer in Ottawa, Ontario. He is one of the most experienced legal practitioners in Canada providing services to families with a family member with a disability and has focused his professional career to help them put in place Henson Trusts.
What I [...]
In Canada, anyone with a disability may be entitled to support payments from the government. For example in the province of Ontario, the Ontario Disability Support Payments (ODSPs) is the provincial sponsored program set-up to provide financial support to assist those with physical and/or mental disabilities that have limited prospects of finding gainful employment do [...]
Find A Financial Advisor
1. The Trustee and Executor of the Will divides the property as set out in papragraph 4 (usually it is this number) of the will and transfers the share for the beneficiary of the Henson trust to the Trustee of the Henson Trust. Often this is one and the same person.
2. The Trustee of the [...]
What is a Trust?
The earliest Trusts date back to the Middle Ages. They were first widely used during the Crusades and other foreign campaigns, when prolonged absences were commonplace. Over the centuries, the concept of Trusts developed in countries using the English Common Law system. Today, Trusts are used for a wide variety of purposes.
The [...]
Recently, a Canadian Institute of Chartered Accountants (CICA) survey identified the emerging trend of CA practices providing succession planning services to their top owner/manager clientele. Currently, 76% of small and medium-sized firms offer succession planning as a competency with another 14% determined to enter this specialized market. The firms participating in this survey identified that [...]
Find A Financial Advisor
If you die without a valid Will your estate will be divided according to the laws of your province that govern the distribution of estate property.
If you have no Will and no living family members your estate vests in the Provincial Government.
If you die without a Will but leaving relatives, the law will apportion your [...]
If you have a family member who is receiving Ontario Disability Support Program benefits and you want to set them up with some additional money, it’s a good idea to put that money or property into a Henson Trust for them. Otherwise, they may become ineligible to receive future ODSP benefits.
So just what is a [...]
Question: “What will happen to my child after I’m gone?”
Answer: A responsible parent will have a Henson Trust in their Will for the benefit of their child with a disability.
This question causes great concern for many families. But as you are aware, there is an extra-ordinary problem for parents whose children, young or old, receive [...]
Ken
There is an international agreement between Canada and the UK for government benefits. Call Service Canada to discuss your individual ... Karen
I am very sorry to hear that you are out of work due to your disability. You may be able ...
Try to find a mortgage broker who will show you how to pay less taxes, be debt free sooner and ...
I have been off work for over 2 yrs and I will not be able to return due to my ...
As of August 19, 2008, holograph wills are apparently legal in Nova Scotia:
http://www.legalinfo.org/index.php?option=content&task=view&id=114#8
Also, there is no indication ...
It would be helpful to make referance to what happens if the beneficiary designated were to pass away prior to ...
Hi, I was wondering where I could go to get E&O insurance as a insurance broker. 
CAAMP offers the licensing course and once you pass the exam you need to be registered with FSCO by a ...
If a shareholder is active in the business, in lieu of dividends may a fee be paid to the shareholder ...
We are experiencing this problem with my sister and brother who are co-executors for my mother who is 95. ...
Loading...