Top 10 Things You Can Do To Leave A Legacy
- Top 10 Things You Can Do To Leave A Legacy
-
- Prepare a will. Only 50% of those who pass away have one. Without a will, you lose control of the possessions you've worked a lifetime to acquire.
- 1.Leave a gift in your will for the charitable organization(s), which made a difference in your life. Less than 3% of wills settled contain a charitable provision. Imagine the positive impact on our community if everyone made even a modest donation to the Atikokan General Hospital Foundation, or other charity of their choice.
- 1.Leave a specific dollar amount or a percentage of the assets in your will to your favorite charity. The provision can be part of a new will or added to your existing will as a codicil.
- 1.Consider using assets for your charitable gift. These can include - but are not limited to - stocks, bonds, real estate, vehicles, art, and jewelry. Such gifts may even provide tax savings.
- Name your favorite charity as the beneficiary of your RSP or pension plan.
- 1.Purchase a new life insurance policy naming your favorite charity as the beneficiary.
- Name your favorite charity as the beneficiary of an existing life insurance policy.
- Remember deceased loved ones with memorial gifts to charities.
- Encourage family members to leave gifts to charities in their wills.
- Ask your financial advisor to discuss charitable giving when counseling other clients.