Estate Planning
On Thu, Aug 14, 2014 at 6:20 PM, Nathalie Mourra <nmourra.lawoffice@gmail.com>wrote:
Read one of the following articles:
Estate Planning for Those with Minor Children available at
http://www.ftleavenworthlamp.com/news/x642576309/Estate-planning-for-those-with-minor-children
Estate Planning: Testamentary trusts available at
Generations: What’s in a Will? available at
http://www.heraldsun.com.au/money/generations-whats-in-a-will/story-fn7kiv52-1226407287346
Tips for Giving Inheritances to Disabled Children available at
http://www.advisor.ca/tax/tax-news/tips-for-giving-inheritances-to-disabled-children-83481
Trusts and Living Trusts available at
http://public.findlaw.com/abaflg/flg-18-3.html
Explain the purpose of a trust based on the information in the article. Respond to at least two of your classmates’ posts.
solution preview
Giving inheritances to disabled children is very important because it makes them feel loved and supported because they are unable to perform some activities. For this reason, giving inheritances to disabled children would be important and it would be a way of strengthening their lives. The main reason for this is because they would have somewhere to invest and rely on for the rest of their lives. Like evidenced in the article, Jerome can create and accept a Henson trust for Fiona to accept the RRIF proceeds on tax deferred basis. This shows that trust for young children or anybody can improve his or her capability to perform different activities which might be beneficial to his health. Therefore, giving inheritance to disabled children would be a best way to deal with these children. The main reason for this is because it will encourage them and make them feel loved. Through this, they may live longer because they utilize all what they deserve from the inheritances.
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