- December 17, 2009
Opening a Registered Disability Savings Plan for an adult family member
Many people will be able to open and manage their own Registered Disability Savings Plans. Some people, however, will have difficulty doing it on their own. You can open an RDSP on behalf of an adult family member if you are their legal representative.
Fortunately for British Columbians we have representation agreements, which are tailor made for this. A representation agreement is a legal tool by which people, including those who might not be deemed to have legal capacity, can designate people to assist them with their financial affairs. You can get more information about representation agreements at the Nidus Personal Planning Resource Centre (www.nidus.ca). PLAN will also be offering a web-based course to assist you to do a representation agreement in March (www.plan.ca).
In other parts of Canada, the solution is not so clear. We are seeking solutions that will enable family members to assist adults with disabilities (who might not have legal capacity) to open a plan without applying for adult guardianship. We'll post updates as we find solutions on www.rdsp.com so check back often or sign up for free updates.
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Representation Agreement workshop
Submitted on February 19th, 2009 by Carol StinsonBACI is hosting a workshop about Representation Agreements on Monday February 23rd:
All about Representation Agreements: with Laura Johnston, Support Services Coordinator for the Nidus Personal Planning Resource Centre and Registry (Formerly the Representation Agreement Resource Centre and Nidus Registry)WHEN: Monday, February 23rd 2009, 7 PM – 9 PM WHERE: BACI Family Gathering Place, 7716 Royal Oak Avenue, Burnaby
What is a representation agreement?
What areas can a representation agreement cover? (we will talk about the difference between standard and broader powers)
Who can be involved in the representation agreement, what are their roles, rights and responsibilities?
Who needs a representation agreement, who can make one, and how?
How does the representation agreement fit with other arrangements? (for example, a power of attorney, a living will etc)
Where can you go to get more information and help?
