Krista Clendenning J.D., T.E.P. There are typically two key benefits to including a “Henson Trust” in your Will. But first, what is a Henson Trust? It gets its name from the Ontario case in which a father set up a trust for his daughter with an intellectual disability, Audrey Henson, under his Will. His Will directed that $82,000 from his … Read More
Loss Of Status As A Testamentary Trust
EXCERPT FROM TAXATION OF TRUSTS: LOSS OF STATUS AS A TESTAMENTARY TRUST ____________________________________________________________________ Reprinted from Chapter 2 “Types of Trusts and Planning”, s.2.1.4(a) “Loss of Status as a Testamentary Trust”, pp. 47-49, in Taxation of Trusts and Estates: A Practitioner’s Guide 2011, by Larry H. Frostiak, John Poyser and Grace Chow, by permission of Carswell, a division of Thomson Reuters … Read More