How you go about making your Will and what you include is one of the most important decisions you will ever make. The good news is that making or updating your Will can be simple.

Your Will is the only way for you to control how your money, possessions and assets should be distributed after you are gone. A Will also means less confusion and heartache for your loved ones in their time of grief. If you don’t make a Will, part or all of your estate may end up going to people you never intended to benefit.

Including a Charity in your Will is easy, but deciding which charity or charities you would like to help may be a little tougher. Perhaps it is an organization you have supported for years or maybe there is a cause you have always wanted to support but have never been able to. The good thing is that you can leave your gift to more than one charity.

Ask your preferred charities for more information on leaving them a bequest. It is important to confirm the legal name of your charity and their contact information.  Charities are able to provide sample wording for your Will. Arrange to meet or call them for a confidential, no-obligation chat about how your bequest can make a difference. The charity will be able to tell you how your gift will allow them to continue their work in our community.

It is highly recommended that every donor speak to one or more professional advisors before making a Legacy Gift. The professional advisors can determine what gift option is beneficial to your unique situation, and can also help with the technical aspects of making a Will. Professional Advisors include Lawyers, Accountants, Estate Planners, Stock Brokers and Financial Advisors.

Leaving a gift in your Will is important information to share with your family. We know that speaking about your death is not an easy conversation, but discussing it with your family will ensure that they are proud of the legacy you are creating.

Keeping your Will in Check

Consider the following questions before reviewing your Will:

  • Are there any additions or changes to your family?
  • Has your marital status changed?
  • Have you had any change in your assets?
  • Do you have any health conditions?
  • Have you moved to another province or country?
  • Have your Executors or Trustees changed?
  • What are your charitable interests?