How to Leave a Legacy
Top Ten things you can do to Leave a Legacy
- Prepare a will. Only 50% of those who pass
away have one. By preparing a will, and making a gift to the charitable organization of
your choice, you retain control over how you wish to distribute your
assets.
- Leave a gift in your will for the charitable organizations that made a difference in your
life. Less than 7 % of Canadians have included nonprofits in their estate plan. Imagine
the positive impact on our community if everyone made a donation to a favourite charity.
- Leave a specific dollar amount or a percentage of
assets to a charity of your choice.
- Consider using assets for your charitable gift. These
include but aren't limited to: stocks, bonds, GICs, real estate, vehicles, art and
jewellery. Such gifts may even provide tax savings.
- Name a charity of your choice as the beneficiary of your
pension plan or RRSP.
- Purchase a new life insurance policy naming
your favourite charity as the owner and beneficiary.
- Name your favourite charity as the beneficiary of
an existing life insurance policy.
- Remember loved ones with memorial gifts.
- Encourage family and friends to leave gifts to charity in their wills.
- Speak with your financial advisor about
other planned gifts, such as charitable gift annuities, charitable remainders trust, gifts
of appreciated securities, etc.
Thank you for
considering how to...
Leave a Legacy!