Why is a will important?A current, properly drawn up Will is your best assurance that your estate will be handled exactly as you wish. It can also let your loved ones know exactly what your wishes are. A Will can eliminate uncertainty and disputes over the division of property. It protects your family's future and, in the case of minor children, names the guardian. In the event one dies without a current Will, the government will make decisions on how your assets will be divided. A Will can be drawn up, no matter your age or your financial situation. In the case that your Will is already written, it is wise to review your Will on a yearly basis.
To help get you started, call today for your free copy of Chalice's Will Planning Kit.
Please note: The purpose of this Will Planning Kit is to provide general information, not to render legal advice. We strongly recommend you consult your own lawyer or other professional advisor about the applicability to your situation.What if I change my mind later on?A will bequest is fully revocable while you live. You retain control and can easily make revisions by drafting a new Will or adding a codicil to your current Will should your wishes or circumstances change. It can be as simple as a phone call to your lawyer.Does a charitable Will bequest have to be in cash?No, you may also give securities or RRSPs/RRIFs or other assets. It is advisable to contact Chalice to discuss your wishes: 1.800.776.6855How will my Will bequest be used?Most Will bequests will be used for Chalice's most urgent needs, but you can direct your bequest towards a particular purpose or program. You can also request that the principal of your charitable bequest be held in an endowment, or establish an endowment in your name or in the name of a loved one. You should discuss your options with Chalice to ensure that your wishes can be met, and that your Will bequest provision is properly worded.
It is important to remember when writing a bequest gift in your Will to avoid directing the gift to a specific individual or need (i.e., your sponsored child, AIDS medication) or activity (i.e., building houses). A gift to a specific individual is considered private benevolence, and does not qualify for a charitable tax receipt as it does not meet the Canada Revenue Agency's definition of 'gift'. More general language allows Chalice the flexibility to use your gift in many different ways should the needs of our Sponsor Sites change over time.I want to remember Chalice in my Will. How can I be sure I am doing it correctly?Let us help you! We can provide you with a free Will Planning Kit and sample bequest language. At your request, we can meet with you, and if you wish, your lawyer, to discuss your intentions for supporting Chalice.
If you decide to name Chalice in your will, we would like to know about it so we can express our thanks. Please remember that all requests for information and communications with Chalice will be kept in strict confidence.
We encourage you to contact a lawyer or financial advisor when planning your Will.
For more information on including Chalice in your Will or to request a copy of our free Will Planning Kit, please contact Marilyn Hall at 1-800-776-6855, ext. 202, or email her at email@example.com
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