In making a will, you exercise your right to choose what to do with your accumulations of a lifetime. Leaving a bequest to a charity creates a lasting memorial to your values and achievements. Bequests also offer many practical benefits. For one, you retain full control of the gift for the duration of your life. You will find that bequests are eligible for tax credits and can considerably reduce the amount of taxes paid on an estate after death. Donation receipts are issued for the amount of the bequest and this usually results in a tax credit on your final income tax return.
A bequest to The War Amps will ensure that, in the future, members of the Child Amputee (CHAMP) Program can carry on the traditions passed on to them by war amputee veterans, improving the lives of amputees across Canada for years to come.
Sample Bequest Language
Frequently asked questions about making a bequest to The War Amps concern our proper legal name and whether bequests can be directed to a specific Association program. The following sample bequest language may help you and your lawyer when drafting your last will and testament in this context:
"I give to The War Amputations of Canada the sum of (amount)..."
"I give to The War Amputations of Canada (description of property)..."
“I give to The War Amputations of Canada the sum of (amount) to be used to assist the Association with respect to its CHAMP Program.”
“I give to The War Amputations of Canada the sum of (amount) to be employed in assisting the Association in supporting veterans’ causes or interests.”
“I give to The War Amputations of Canada (amount) per cent of the residue of my estate.”
“I give to The War Amputations of Canada the residual amount left in the testamentary trust created under my last will and testament after the death of the last beneficiary under the trust provision.”
Your lawyer or estate planner can provide additional information regarding charitable will bequests.