Gift in a Will
The Will is the real centrepiece of all estate planning and it is crucial that you have a legally valid one to ensure that your assets will be distributed according to your exact wishes. Gifts in a Will truly reflect your values and beliefs.
Maymont 5 property, SK (Photo by Mike Dembeck)
Benefits of leaving a gift in your Will
- You have the use of the asset during your lifetime.
- A bequest is a tax-effective way to conserve nature as it reduces taxes owed by your estate.
- A gift in a Will is revocable and can be modified if your financial circumstances change.*
*If you already have a Will, you do not need to rewrite it to include a bequest. Ask your legal advisor about the simple process of adding a codicil to your Will.
Legal name and Will sample wording*
Specific or Residual Bequest
"I direct my Trustees to pay or transfer to the Nature Conservancy of Canada, 245 Eglinton Avenue East, Suite 410, Toronto, Ontario M4P 3J1, the sum of $_________ or to transfer all or __% of the residue of my estate."
"I give to the Nature Conservancy of Canada, 245 Eglinton Avenue East, Suite 410, Toronto, Ontario M4P 3J1, ________(description of property)." Please note that if the property doesn’t fit into NCC’s conservation plans, it will be sold and the proceeds used as per the terms of the gift.
If you wish to designate your gift to be used in a specific area, we suggest that you add the following: "to further the purposes of the Nature Conservancy of Canada in [insert province here]."
Power to vary clause:
If you intend to direct your gift for a specific project or for a specific use, please add the following clause to vary: "If at the time of the acceptance of the gift, the desired allocation of the funds is no longer practical or feasible, the Nature Conservancy of Canada Board of Directors is hereby authorized to identify alternative use that best reflects the spirit and intent of the gift."
*If you prefer, we can mail you our Planned Giving Brochure for more information.
Our team is happy to answer questions for you and your advisors. Please contact us at email@example.com or 1-800-465-0029 ext. 2276.
The information provided on these pages is general in nature and not intended to be a substitute for professional advice. NCC strongly suggests that before making any decision concerning your estate and your charitable donations, you seek advice from your lawyer and financial advisor.