| Your gift through your Will |
When your last Will and Testament is drafted, you will of course want to
provide for your next of kin and loved ones first. After their needs have
been addressed, you might want to direct a portion of your estate towards
helping others -- creating a lasting memorial to your values and
achievements.
A bequest through your Will – the most common type of future gift – is a
commitment made through your Will to be distributed by your estate upon
your death. In making a Will, you exercise your right to choose what to do
with your accumulations of a lifetime.
A bequest may be a specific piece of property, sum of money, or a portion
of your estate. You can designate in your Will how the GNGH Foundation
will use your gift.
[Note: Technology and equipment needs change quickly in the field of healthcare and
staff change locations or fields of expertise, therefore you will want to ensure that your
gift will be received by the GNGH Foundation in a way that it can be put to use. It is
always recommended that you speak with the GNGH Foundation staff for proper
wording when making a gift through your Will as these gifts may not be realized for
years to come. Improper wording could make your gift unusable.]
provide for your next of kin and loved ones first. After their needs have
been addressed, you might want to direct a portion of your estate towards
helping others -- creating a lasting memorial to your values and
achievements.
A bequest through your Will – the most common type of future gift – is a
commitment made through your Will to be distributed by your estate upon
your death. In making a Will, you exercise your right to choose what to do
with your accumulations of a lifetime.
A bequest may be a specific piece of property, sum of money, or a portion
of your estate. You can designate in your Will how the GNGH Foundation
will use your gift.
[Note: Technology and equipment needs change quickly in the field of healthcare and
staff change locations or fields of expertise, therefore you will want to ensure that your
gift will be received by the GNGH Foundation in a way that it can be put to use. It is
always recommended that you speak with the GNGH Foundation staff for proper
wording when making a gift through your Will as these gifts may not be realized for
years to come. Improper wording could make your gift unusable.]
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 which typically results in a
tax credit on your final income tax return.
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 which typically results in a
tax credit on your final income tax return.
| Leaving a gift through your will entitles you to become a member of the Heritage Society. |
| Return to Ways to Give |
| Always consult with your professional advisor (estate lawyer, accountant, insurance representative, or financial planner) before making any planned gift. |
