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Charitable Remainder Trust2018-01-29T17:14:24+00:00

Charitable Remainder Trust

A charitable remainder trust is a gift that allows you to give today (with immediate tax savings) while retaining the use of the asset or receiving the income that the asset generates. Assets used for charitable remainder trusts can include: real estate, stocks, bonds, mutual funds, etc.) After a prescribed period of time, or upon death, the asset is transferred to the charity.

Benefits:

  • Feel secure knowing that you will receive income for life or retain the use of the property for life.
  • Immediate charitable income tax receipt that you can use to off-set your current income.
  • Can be structured to avoid capital gains tax.
  • Avoid probate fees because this type of gift is not included in the value of your estate.
  • Unlike a bequest, a charitable remainder trust cannot be challenged in court.

Considerations:

  • A charitable remainder trust is irrevocable and terms cannot be changed.

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.

Terms and Conditions

In consideration for the acceptance of my, my child/ward’s, membership in the OCPSA, I, the participant and/or parent/guardian (if participant under 18 years of age) agrees as follows:

  1. To adhere to all of OCPSA’s procedures, policies, and code of conduct;
  2. To adhere to OCPSA’s Concussion Management and Return to Play Policy;
  3. To accept sole responsibility for my or my child/ward’s personal possessions and athletic equipment;
  4. To accept all liability for any damage to the playing equipment caused by me or my child/ward’s careless, negligent and/or improper handling; and

To authorize OCPSA the right to the collection and free use of my or my child/ward’s images and athletic results for posting on the OCPSA website.

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Terms and Conditions

In consideration of my, my child/ward’s, registration in the Ontario Boccia Championships, I, the participant and/or parent/guardian (if participant under 18 years of age) agrees as follows:

  1. To adhere to all of OCPSA’s procedures, policies, and code of conduct;
  2. To adhere to OCPSA’s Concussion Management and Return to Play Policy;
  3. To accept sole responsibility for my or my child/ward’s personal possessions and athletic equipment;
  4. To accept all liability for any damage to the playing equipment caused by me or my child/ward’s careless, negligent and/or improper handling; and

To authorize OCPSA the right to the collection and free use of my or my child/ward’s images and athletic results for posting on the OCPSA website.

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