GETTING RESULTS
604-732-7678
| PERSONAL INJURY | LONG TERM DISABILITY | ICBC CLAIMS | WILLS & ESTATES | FIND A GOOD LAWYER | ABOUT US |
|---|
Trusts
** A reminder, however, that the following information 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