What is a Henson Trust for disabled dependants?
Providing for a disabled child can be a lifetime job. But what happens after that? Henson Trusts are designed to help you make sure your child is taken care of even when you're not there.
Providing for a disabled child can be a lifetime job. But what happens after that? Henson Trusts are designed to help you make sure your child is taken care of even when you're not there.
Creating a will isn’t typically high on our list of priorities. Often we procrastinate, pushing it off as long as possible, until it’s buried beneath a million other “more pressing” tasks. That’s when we risk forgetting about doing it entirely. But, completing your will needs to be done eventually, and the truth is now is the best time to do it.
Many of our clients ask us Can we skip probate by adding our child’s name to our account? At first glance, this seems to offer a simple sidestep away from those extra fees. However, like many simple solutions, there’s more to it than meets the eye.
You’ve put a lot of time and effort into your will. You've spent the time having those difficult discussions and dwelling on something you’d rather not. The last thing you want is for the taxman to come in and wreak havoc on your carefully considered plan. It’s essential to consider all angles when you’re planning your will. Unfortunately, taxes and tax planning need to be a part of that plan.
Most farmers don’t enjoy thinking about selling the family farm, the dream they’ve worked so hard to build. It’s more than just a business – your farm is your home, your heritage. But, by not prioritizing farm succession planning, you risk setting your farm up for failure, or at least a less effective, bumpier change of hands.
Ensuring your family’s financial security is at the top of your priority list, therefore the last thing you want to do is leave them with debt – such as an unpaid mortgage. To help you decide how to best protect your family, here are 5 Q&As to help clarify whether mortgage or personal insurance is right for you.