Bequest in a Will

A bequest in a Will is the simplest and most common type of legacy gift. You can make a specific bequest, where you donate a specific sum of money or a particular asset such as real estate, securities or life insurance policy. You can also make a residual bequest, where you donate all or a portion of your estate after all debts, taxes, expenses and other bequests have been paid. Additionally, a contingent bequest can be made that only takes effect if the primary beneficiary (for example: a spouse) does not survive the donor. All bequests should include the full legal name, city, province and charitable registration number of the charity.

Benefits:

  • Simplest kind of legacy gift.
  • Significant tax benefits.
  • Flexible and can be changed at any time.

Disclaimer

The legacy giving information on this website is provided for general information purposes only. It is not intended as legal or financial advice. It is meant to help facilitate discussions between you and your advisors. We strongly recommend that you discuss your intentions with your family and consult with your lawyer and/or financial advisor before proceeding with a legacy gift.