Why should I leave a gift in my Will to charity?

At the start of a new year, especially after the year we’ve all just experienced, many people use this time to reflect on the past and plan for the future. This is a great time to make sure your affairs are in order, including creating your first or reviewing your existing Will. 

By having an up-to-date Will, you can ensure that you look after the people and causes that matter to you most. A Will is the only way to guarantee that your wishes are followed and your assets distributed to benefit those who matter most to you. You can also use your Will to limit the amount of tax that needs to be paid on your estate. If you don’t have a Will, your whole estate could end up belonging to the Government.

In your Will, you will want to ensure that your family is taken care of, but have you considered the impact you can make by also leaving a gift to charity?

Chances are that at some point, a charity will or has touched your life by helping a family member or friend, or by supporting you directly. By leaving a gift in your Will, you can help their good work live on after you are gone. It’s the perfect way to let your care and compassion for your loved ones and community continue for years to come. And it’s easier than you think!

You can arrange for a specific cash amount or a percentage of your estate to be donated. As little as 1% of your estate can make a BIG difference! You can also use this opportunity to make the donation in honour or in memory of a loved one.

Talk to your lawyer or financial advisor about how you can include a charitable gift in your Will. 

Local charities make a difference in our community. Help their work live on after you’re gone!

To learn more about strategic charitable giving in Chatham-Kent, visit the local Chatham-Kent Chapter of the
Canadian Association of Gift Planning Facebook page at facebook.com/CAGPChathamKent.

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