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| Subject: What is a Henson Trust? Mon Feb 06, 2017 9:46 pm | |
| A Henson Trust is type of trust that is part of Canadian law. It is also referred to as an absolute discretionary trust or discretionary trust. A Henson Trust is a very specific type of trust that can be used only in the planning for a person who has a disability. The goal is to protect the inheritance, as well as other assets, of the disabled person so that he or she can still collect any means-tested government entitlements or benefits. It became common in 1989, when the courts ruled that if a trust's assets were not vested in the beneficiary, they could not be used as a reason for the person to be disqualified from government benefit programs. Thanks http://www.planyourwill.caPlan Your Will – Stephen Offenheim Lawyers 200 University Avenue Toronto, Ontario M5H 3C6 |
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