When you have a child with a disability, financial planning can be confusing and counter-intuitive. Parents who put money aside to ensure their children lead a comfortable life may be disappointed to learn that government assistance programs will be terminated if a person has too many assets once they turn 18.
To help parents navigate these tricky waters, Nathan Leibowitz, an investment advisor at Assante Wealth Management, is giving a free presentation on January 18, 2012 at 7 p.m. at the West Montreal Readaptation Centre (CROM).
He'll discuss how to manage and plan your disabled child’s finances, including the new Registered Disability Savings Plan. He will also be addressing the different ways children can have access to savings and inheritance without being cut off from government assistance programs, how to maximize tax credits and deductions, and how to structure your will to meet your child’s needs.
CROM is located at 8000 Notre Dame St., Lachine. Call (514) 363-3025 ext. 0 to reserve your spot or for more information visit www.assante.com/advisors/nleibowitz/home.html.