Estate planning is never easy. But when families are also dealing with disabilies (mental, physical or both), there are extra challenges to address.

This afternoon, an expert STEP Canada conference panel discussed several ways to help families that have special needs.

Read: Get maximum benefit out of an RDSP

Addressing concerns early is especially important when a client or his relative is dealing with a mental disability, or from a combination of mental and physical issues, says Peter Weissman, tax and estate planning specialist with Cadesky and Associates in Toronto, and one of the panel participants. This is because it can be harder to figure out how quickly such infirmities are evolving and what steps need to be taken regarding capacity.

Read: People have right to refuse capacity assessments, says experts

For more tips and tax planning information, check out our live tweets of the session below.

Read: Disability tax credits for dual residents

Originally published on Advisor.ca
Add a comment

Have your say on this topic! Comments are moderated and may be edited or removed by
site admin as per our Comment Policy. Thanks!