Gifts in Wills
Every day, people just like you have left incredible meaningful marks on our community, through their generosity. You can leave a living legacy, too, through a gift in your Will.
The decision to make a gift in your Will is a highly personal one – and each of us must decide what’s most appropriate for our own situation.
Some of us have family that we’d like to provide for, but when you stop to consider things, you might realize that you can provide for both your family and your favourite charity or charities; a provision that will have a positive impact in your community for generations to come.
How does it work?
There are a number of ways that you can leave a gift in your Will. The following are the most common:
- You can leave a specific dollar amount; or
- You can leave a residual bequest (a portion of the remainder of your estate after other needs are met).
What are the benefits?
There are many benefits to this type of donation:
- You can make a larger gift that you ever thought possible
- A gift in your Will doesn’t cost you anything now
- You reduce the tax burden on your estate; and
- You can choose to make changes to your Will at any time.
- A gift in your Will doesn’t have to take away from what you plan to leave for loved ones
If you’re considering leaving a gift in your Will, it’s important to talk to your financial or legal advisor, as well as your family members.
Click here to download sample wording that you can share with your professional advisor.