Any beneficiary of an RDSP should have a will, because your Will says what happens to the remaining money in your RDSP after you are gone. If you don’t have a Will, or can’t make one, the government will distribute the remainder of your RDSP according to provincial law.

Creating your Will can be easy or fairly complicated, so we recommend talking to a lawyer who understands your situation.

Note to Family and Friends:

If the beneficiary of an RDSP does not have legal capacity to draft a Will upon the beneficiary’s death, a family member can apply to the court to be appointed as administrator of the estate, or The Office of the Public Guardian and Trustee (OPGT) will do the job of identifying inheritors according to the provincial formula set out in law. Either way, it will cost time and money, which will come out of the administrator-to-be’s pocket, or the estate of the late beneficiary of the RDSP, leaving less for inheritors.

Plan Institute hosts workshops on Will, Trust & Estate Planning for families and individuals with disabilities. Click here to find out more.