Managing Disability: Preserving Dignity Through Thoughtful Planning
A disability can change many aspects of life, but with the right planning, it doesn’t have to compromise financial stability or long-term goals.
Managing finances through disability means protecting income, planning for care, and ensuring that resources are structured to support both immediate and future needs. It’s about creating security, maintaining independence, and protecting your family and loved ones with a disability.
The key areas should be considered as part of a plan to protect your family or a loved one with a disability:
- Income Protection – living benefits insurance, workplace benefits, and emergency reserves.
- Government Programs & Benefits – understanding programs like CPP Disability, ODSP, or other support systems.
- Tax Planning – leveraging credits, deductions, and strategies unique to disability-related expenses.
- Health Care & Long-Term Care Costs – planning for medical expenses, therapies, and ongoing support.
- Estate & Legacy Planning – wills and power of attorney, and trusts to protect loved ones. Visit Estate planning for beneficiaries with disabilities.
- Investment Strategies – balancing growth with liquidity to fund ongoing needs.
- Registered Disability Savings Plans – maximizing contributions, grants, and bonds.
By addressing these areas, you can take control of financial decisions and focus energy where it matters most—on health, quality of life, and peace of mind.
Please reach out if you would like to discuss planning around managing a disability for yourself or a loved one
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