Episode

Protecting Your Disabled Child's Financial Future: A Guide to RDSPs & Henson Trusts

Podcast
Moolala: Money Made Simple with Bruce Sellery
Published
Jun 3, 2026
Duration seconds
688
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Canonical source
https://moolala.podbean.com/e/protecting-your-disabled-childs-financial-future-a-guide-to-rdsps-henson-trusts/
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https://dts.podtrac.com/redirect.mp3/mcdn.podbean.com/mf/web/6ynej3zh4gcg6ct4/ep2615_segment3-Carol-Willes.mp3
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Markdown
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Summary

Carol Willes, Director of Estate Planning at BMO Private Wealth, offers essential guidance for families navigating the financial complexities of caring for a child with a disability. She breaks down the Registered Disability Savings Plan (RDSP), a tax-sheltered account eligible for up to $70,000 in government grants, and explains when and why a Henson Trust is the right tool for passing on an inheritance without disqualifying a child from provincial benefits. Carol also shares a cautionary real-life story about a well-intentioned estate plan that went wrong, and what every parent in this situation needs to know before it's too late. Connect with Carol on LinkedIn.