Get The Henson Trust A Second Look

A Henson Trust, also known as a discretionary trust, is structured to protect the assets of a person living with a disability, as well as their right to collect government benefits and entitlements such as The Ontario Disability Support Program.

A Henson Trust, also known as a discretionary trust, is structured to protect the assets of a person living with a disability, as well as their right to collect government benefits and entitlements such as The Ontario Disability Support Program.

Under an Absolute trust the beneficiaries are named at outset on the deed and cannot be changed at a future date. Under a Discretionary trust there are normally no named beneficiaries but instead a class of prospective beneficiaries. This class normally includes children, grandchildren and so on.

To be a Henson trust, a trust must contain the following terms: (i) it must be absolutely discretionary in nature, meaning that the trustees have the complete and unfettered discretion in determining whether to make distributions to a beneficiary; (ii) the beneficiary cannot have any right to compel a distribution of ...

Henson trusts exist for the lifetime of the beneficiary; therefore, the trustee may not outlive the beneficiary.

Henson trusts exist for the lifetime of the beneficiary; therefore, the trustee may not outlive the beneficiary.

To be a Henson trust, a trust must contain the following terms: (i) it must be absolutely discretionary in nature, meaning that the trustees have the complete and unfettered discretion in determining whether to make distributions to a beneficiary; (ii) the beneficiary cannot have any right to compel a distribution of ...

There are several options to consider when planning to provide for a child with a disability after death. These options include Henson trusts (a form of discretionary trust), Qualified Disability Trusts, Registered Disability Savings Plans, Lifetime Benefit Trusts, and Preferred Beneficiary Elections.

There are several options to consider when planning to provide for a child with a disability after death. These options include Henson trusts (a form of discretionary trust), Qualified Disability Trusts, Registered Disability Savings Plans, Lifetime Benefit Trusts, and Preferred Beneficiary Elections.

A Henson Trust, also known as a discretionary trust, is structured to protect the assets of a person living with a disability, as well as their right to collect government benefits and entitlements such as The Ontario Disability Support Program.

A Henson Trust, also known as a discretionary trust, is structured to protect the assets of a person living with a disability, as well as their right to collect government benefits and entitlements such as The Ontario Disability Support Program.

Under an Absolute trust the beneficiaries are named at outset on the deed and cannot be changed at a future date. Under a Discretionary trust there are normally no named beneficiaries but instead a class of prospective beneficiaries. This class normally includes children, grandchildren and so on.

To be a Henson trust, a trust must contain the following terms: (i) it must be absolutely discretionary in nature, meaning that the trustees have the complete and unfettered discretion in determining whether to make distributions to a beneficiary; (ii) the beneficiary cannot have any right to compel a distribution of ...

Henson trusts exist for the lifetime of the beneficiary; therefore, the trustee may not outlive the beneficiary.

Henson trusts exist for the lifetime of the beneficiary; therefore, the trustee may not outlive the beneficiary.

To be a Henson trust, a trust must contain the following terms: (i) it must be absolutely discretionary in nature, meaning that the trustees have the complete and unfettered discretion in determining whether to make distributions to a beneficiary; (ii) the beneficiary cannot have any right to compel a distribution of ...

There are several options to consider when planning to provide for a child with a disability after death. These options include Henson trusts (a form of discretionary trust), Qualified Disability Trusts, Registered Disability Savings Plans, Lifetime Benefit Trusts, and Preferred Beneficiary Elections.

There are several options to consider when planning to provide for a child with a disability after death. These options include Henson trusts (a form of discretionary trust), Qualified Disability Trusts, Registered Disability Savings Plans, Lifetime Benefit Trusts, and Preferred Beneficiary Elections.