In the years ahead, over one trillion Canadian dollars will be transferred nationally from one generation to the next by means of individual estates.
One trillion Canadian dollars! That is nearly enough to buy off the entire assets of the Deutsch Bank Group, one of the largest banks in the world. Who said pennies and dimes did not add up! Together we can make a difference – the difference these days, is that you can impact the causes you care about by including them in your will or estate planning. Canadians do it for many different reasons: for some it is a way to ensure their memory lives on, for many it’s a way to ensure that their favorite charity is able to continue its important work, while for others it represents a way to facilitate the tax implications that come with the transfer of one’s estate to surviving relatives.
Whatever the personal reasons that motivate your desire to make a planned gift to a cause dear to you, the fact is, like a growing number of Canadians – you Make a Difference in the Lives that Follow.
In life, most people require some kind of assistance, whether it’s physical, financial or spiritual. Perhaps a local church congregation or food bank supplied meals during a tough time. Maybe you were given a scholarship that made the dream of college possible. You or a loved one may have been shown especially compassionate care in the hospital during an illness or injury.
It is during life’s struggles, we are often reminded that more must be done to continue positive, humane acts of kindness, and to sustain programs for personal enrichment. We wish more funding were available for medical research, for domestic abuse shelters, or a treasured arts or music program.
Charitable organizations need financial assistance from people like you to continue their work. By making bequests and other “planned gifts,” you can continue to help organizations that are making an important difference in your community. What better way to thank the people or organizations that have had an impact on your life, than to make a contribution from your estate through a bequest?
The Estate Planning Financial Professionals at Macnaughton & Ward Financial Services can tailor a plan that will maximize your charitable gifts to your organizations of choice. Contact us today for more information.