CHARITABLE WILL REQUEST
Many Canadians support charitable organizations through future gifts from their estates. A Charitable Bequest is a direction in your Will that instructs your Executor(s) to leave one or more of your assets to (a) charitable organization(s). A charitable Will Bequest is a way to support Campbellford Memorial Hospital Foundation while helping you achieve significant financial benefits and tax savings for your estate, allowing you to make a significant donation upon your death that you may not have been able to make during your lifetime. Your estate will receive a tax receipt, which is applied to the final income tax return. A Charitable Bequest is a meaningful way to reduce your taxes and increase inheritances to your loved ones.
How You Benefit from A Charitable Request
Convenient:
A Will request can be made no matter how old you are and can be for any amount you want!
Simple:
A bequest is easy to arrange. Simply ask your lawyer to include a bequest to Campbellford Memorial Hospital Foundation in your Will.
Flexible:
Your bequest can be a specific amount, a percentage of your estate or the residue of your estate -- that is a gift after your debts have been paid and other bequests made.
Cost-effective:
There are no extra out-of-pocket costs. Your present income will not decrease.
Tax Relief:
A bequest is the only effective method to reduce estate taxes.
Tax Planning:
Campbellford Memorial Hospital Foundation will issue a tax receipt for the full value of your bequest. This receipt will be used to reduce the tax payable on your final tax return. If your bequest exceeds 100% of your net income, the excess may be carried back to the previous tax year.
Control:
You retain use of the charitable gift for the duration of your lifetime.
Peace of Mind:
You can make changes in your Will at any time.
Satisfaction:
Planned gifts are made for personal reasons, in addition to ensuring that Campbellford Memorial Hospital Foundation continues to serve your local community, your bequest can symbolize a lasting memorial for you, your family or anyone you may wish to honour.
Please Seek Expert Advice
Campbellford Memorial Hospital Foundation recommends that you consult your lawyer or estate planner regarding the specific wording of any charitable Will bequests. For sample charitable bequest clauses, please call Neil Hannam at
705-632-2014.