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Home / FAQ
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How much money can I have in a Henson Trust?
Posted By:
dowson
On
Tuesday, January 09, 2007
An unlimited amount of money
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In ontario there is a misconception that the asset limit of a Henson trust is $100,000. The fact is that any amount of money or property can be held in a “Henson” trust. There is no limit on the amount of assets that can be held in a “Henson“ trust. However there are restrictions on how much money an ODSP recipient may have each 12 months. An ODSP recipient may receive up to $5,000 a year for personal use and any amount for disability related expenses. For more details visit the Ontario Disability Support Program web site.
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S.Y.
Toronto Ontario Canada
Thank you for helping in establishing a special life insurance plan for my child with disabilities. I feel better that in the event of my death, my child will be properly cared for by my trustees. LifeTRUST Planning plays a very important part of our lives.
Sincerley
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WHEN THE POWER OF LOVE OVERCOMES THE LOVE OF POWER THE WORLD WILL KNOW PEACE
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