Episode 60 - How to Safeguard Your Disabled Loved Ones in Your Estate Plan with Hugh McLellan
In this week's episode of Your Estate Matters, Nicole welcomes elder law expert Hugh McLellan to discuss estate planning for disabled beneficiaries in British Columbia. They explore the complexities of protecting inheritances and government benefits, the importance of trusts, and the role of representation agreements.
Hugh highlights the need for early, individualized planning and explains the current legal framework, including guardianship laws and the Registered Disability Savings Plan (RDSP). The episode offers practical advice and emphasizes the value of professional guidance to help families secure their loved ones’ futures.
--
Links:
Follow Hugh McLellan:
Website - https://mclellanherbert.com/
LinkedIn - https://www.linkedin.com/in/hugh-mclellan-aa0b8b26/
Follow Heritage Trust:
Instagram - https://www.instagram.com/heritagetrustbc/
Website - https://heritagetrustcompany.ca/
Youtube - https://www.youtube.com/@heritagetrustco
Get the Essential Estate Planning Checklist for Canadians:
https://www.estateclub.ca/estate-planning-checklist
Financial and Legal Tools/Programs
Community Living British Columbia - https://www.communitylivingbc.ca/
PLAN (Lifetime Advocacy Network) - https://plan.ca/
Registered Disability Savings Plan (RDSP) - https://www.canada.ca/en/employment-social-development/programs/disability/savings.html
Disability Tax Credit - https://www.canada.ca/en/revenue-agency/services/tax/individuals/segments/tax-credits-deductions-persons-disabilities/disability-tax-credit.html
Section 7 Representation Agreement - https://www2.gov.bc.ca/gov/content/health/managing-your-health/incapacity-planning
British Columbia Disability Benefits Program - https://www2.gov.bc.ca/gov/content/family-social-supports/services-for-people-with-disabilities/disability-assistance
Books
Financial and Estate Planning for the Mature Client in British Columbia - https://store.lexisnexis.ca/en/categories/shop-by-jurisdiction/british-columbia-9/financial-and-estate-planning-for-the-mature-client-in-british-columbia-skusku-cad-00035/details
