Clients often ask what can be done if their son or daughter with a disability expects to inherit from an older family member. For example, a grandparent wants to provide a token gift to all of the grandchildren or an aunt who has no children of her own decides to leave her entire estate to a niece with a disability.
If the child is receiving Ontario Disability Pension Plan (ODSP) benefits, having an inheritance left to the child could result in the loss of ODSP benefits. Unless the inheritance is so large that the child could manage without ODSP, consideration should be given to the options listed below (more…)
