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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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L. Mariani
Newmarket, Ontario
Disability Tax Credit client, she got back $12100. John Dear Dan, Without your help I would not have know how to go about collecting this money. I am sure there are a lot of people out there in the same position I was in. You made all the forms easy for me and then had to chase after the paper work that went astray. I greatly appreciate all your help. Many thanks. Yours Truly,
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REMEMBER TODAY, FOR IT IS THE BEGINNING OF ALWAYS. TODAY MARKS THE START OF A BRAVE NEW FUTURE FILLED
WITH ALL YOUR DREAMS CAN HOLD FOR YOUR CHILD
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