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Bequests


What it is:

A bequest is a gift of property by Will. It allows donors to make a generous future gift to a charity that will benefit the whole community. Bequests can be made through outright gifts of cash, through pledges to contribute certain amounts over stipulated periods, or through a testamentary trust.


Benefits:                        

  • flexibility—you can change your Will at any time
  • a value tax credit for your estate on your final tax return

How it Works:

  1. Determine which charity you wish to include in your Will.
  2. Discuss your intentions with your immediate family.
  3. With the assistance of your lawyer, revise your Will with a general or specific bequest clause to include the charity

 Further Info:   

If you are considering a charitable bequest, we recommend you speak to a representative of the charity and obtain professional advice from a qualified lawyer.

Bequests | Give Confidently. Give Generously.
2017-10-21 4:18:28 America/Toronto -04:00   https://giveconfidently.ca/ways-to-give/bequests/