** A reminder, however, that the following information regarding trusts is not considered legal advice and is general information only. You should contact a lawyer registered to practice in your province to properly advise you. ***
Q: What kinds of Trusts does Tim Louis & Company do?
a. Disability Trusts (Intervivos Trusts): usually for those who currently receive disability benefits and are expecting a lump sum of money which may disqualify them from continuing to receive their benefits.
b. Trusts that are created in a Last Will & Testament: created for the benefit of another upon your death. e.g. minor children.
Q: Who is the Trustee?
The Trustee can be a person, persons or company who will be responsible for managing the Trust.
Q: For a Disability Trust, what is the difference between a Discretionary and Non-Discretionary Trust?
Discretionary Trusts: Beneficiary has no control of Trust money or decision making.
Non-Discretionary Trusts: Beneficiary has control of Trust money and decision making BUT there can only be $100,000 in the Trust as a limit
Q: Where can I find more information about Disability Trusts?
Vancouver, BC V5T 1W2