Retirement · Book
After We're Gone
The Whitfields · Retirement
The question every such parent carries: the Henson trust, RRSP rollovers into the RDSP, and a care plan for a child who will outlive his parents.
Chapters
Both, Not Either
The parents can't trade their own retirement for Owen's security or his for theirs. The plan has to hold both horizons at once.
The Trust That Protects AISH
A properly built Henson trust holds assets at the trustee's discretion, so they aren't counted against Owen's AISH. A lawyer is required.
Taxing the Trust Gently
A Qualified Disability Trust can be taxed at graduated rates instead of the top rate. It's a layer worth professional advice from an accountant and lawyer.
Rolling the RRSP to Owen
On a parent's death, an RRSP or RRIF can roll into Owen's RDSP, tax-deferred. Registered money lands where it keeps working for him.
Who Gets What, On Paper
Beneficiary forms override the will. The Whitfields line up registered accounts, insurance, and the will so assets land in the trust or RDSP, not by accident.
Insurance That Funds the Plan
Life insurance can create the lump sum the Henson trust needs, sized to Owen's lifetime. It turns a future promise into money that's actually there.
When Owen Turns 18
Adulthood is a financial milestone too. The family plans early for Owen's own AISH and for guardianship versus supported decision-making.
The Letter
The most important document isn't legal or financial. It's the letter of wishes that tells the next people who Owen is, what he loves, and what a good life means for him.
A Plan That Outlives Us
The trust, the rollover, the insurance, and the letter are all in place. A complete plan lets the parents rest: Owen is secured, and so are they.