Planned Giving
Leaving a gift to FH Canada in your will
Your Legacy of Hope.
Wills are a vital step in estate planning for those who wish to ensure that their estate will be allocated as they wish.
A current will also ensures peace of mind, knowing that one's affairs are in order. A well written and clearly thought-out will is a final legacy of care for your family and the charities that you choose to remember.
A valid will and a current will – both are important
Without a valid will, one that fully complies with government and legal requirements, it is very likely that your specific wishes regarding the distribution of your assets (possessions) may not be fulfilled. In certain situations the Government may become the beneficiary of your will. It is important to know that the law only recognizes a valid will.
Without a current will, one that does not represent your present situation, there is a chance that your loved ones may be forgotten or that your wishes may not be carried out as you intend them.
If you do not have a will, it is strongly recommended that you seek legal advice. It is a relatively inexpensive process given its importance. Should you already have a will, we recommend that you update it. It is wise to review your will every five years or after any major changes in your life.
Gift of Life Insurance
There are several ways you can gift FH Canada through your life insurance policies. You can sign over a current policy with cash value to FH Canada, make FH Canada a beneficiary of a life insurance policy or take out a new policy and gift it to FH Canada.
If a policy is given to FH Canada, a tax receipt can be received for the cash surrender value. If FH Canada is made the owner of a policy, you will receive a tax receipt for the premiums that you pay.
Gift of RRSPS and RRIFS
All or part of an RRSP or RRIF can be gifted to FH Canada, simply by asking the financial institution who carries the investment to make FH Canada the beneficiary.
Gifts of Real Estate
You may wish to provide a gift of real estate to FH Canada. This could be a principal residence, recreational property, or even an income producing (rental) property.
Gifts of Securities
Do you have stocks, bonds, or securities that have appreciated over a period of time? Providing a gift of securities to FH Canada could hold significant tax benefit for you. You will receive a tax receipt for the market value at the time that FH Canada receives the shares.
For more information, please contact us at info@fhcanada.org.
