LowDOWN Podcast: Where There’s A Will There’s A Way
Hear Ken Kramer, Q.C., TEP, Speak of the Challenges and Strategies to Consider When Estate Planning For Complex Families On Season 4, Episode 6 Of the LowDOWN Podcast
Becoming well-informed about wills, trusts and estate planning is necessary to secure the financial future of your loved one with a disability. In this podcast, estate-planning lawyer Ken M. Kramer, Q.C., TEP, explains how to arrange your estate, prepare a will, and the various ins and outs of setting up a trust specifically for your relative or loved-one with a disability.
- Understanding the interrelationship of provincial disability benefits and trusts
- Types of trusts and their respective tax implications.
- Benefits and challenges in designing and implementing a trust.
- The importance of choosing a trustee and understanding their respective duties
Estate planning can be challenging at the best of times. For parents in complex families, it can be even more daunting. In this episode of the LowDOWN podcast, Ken Kramer identifies several common factors for parents planning for children who live with a disability. These include:
- The Importance of ‘Planning For the Day You’re Not There’
- How Estate Thresholds May Affect Provincial Disability Benefits
- The Significance of Protecting Against Vulnerability and Undue Influence
- Capacity to Manage an Inheritance
In a topic with few easy answers, if there is one takeaway that applies to just about all complex families, it’s this: plan ahead. Doing so helps parents identify the challenges that may arise and create a strategy for this journey.
Life is full of surprises, some good, some bad. The sooner you plan, the better prepared you and your family may be on the day when you’re no longer there – and the new beginning for your loved ones.
About KMK Law
Since 1999, Ken K. Kramer and the team at KMK Law have helped families with wills and estate planning. The firm has over 25 years’ experience serving families with disability, and is prepared to handle claims and challenges against your estate.