| Understanding wills, trusts, and related tax consequences when planning for a person with disability’s future can help secure your financial future or the financial future of a loved one with a disability.
Inspired by the provincial “Make a Will Week” that was started in 2021 in British Columbia, this event will feature a presentation and question-and-answer session with experienced Tax and Trust Lawyer, Mudit Jain, in partnership with Westcoast Wills & Estates. Mudit’s passion is tax law and he regularly advises clients on tax matters, estate planning and restructuring companies.
The 25-35 minute presentation will include information on the following topics:
- What is considered a legal will in B.C., and how can you or someone you care for create one?
- What are the risks of creating a will using an online make-a-will kit, especially when planning for somebody with a disability who is receiving disability benefits?
- What is the Registered Disability Savings Plan (RDSP), and how does it function as a type of trust?
- What is a Henson Trust?
- What does it mean to designate a trust as a Qualified Disability Trust (QDT)?
- Tax consequences of estate planning decisions
We will then have 25-35 minutes of a question-and-answer session to help you understand what you need to know for your situation.
To learn more about Mudit and the work he does to support people in B.C., check out the following webpage: https://westcoastwills.com/about/team/mudit-jain/ |
