This is a US based article, however, the topic is very much relevant in British Columbia – how to pass on assets to a disabled child without jeopardizing his or her eligibility to government benefits. The law has recently changed in this regard as well, so it is important that if you do consider a trust for your child that you consult with a lawyer. Poorly drafted trusts can have serious consequences. Call us with your questions.
Click here to read the article on CNBC.com “Special-needs trust is key part of some estate plans”.
Also see Nova’s Wills & Estates page