Using your Will to give back is a novel idea. When you realize you can give back in a big way, without using money you or your family need, it’s a no-brainer.
Maybe you’ve considered leaving a charitable gift in your Will, but were held back by the prospect of doing the paperwork? If so, I want to share this little-known tip…
You actually don’t have to touch your Will. You can quickly and easily leave a charitable gift using your RRSP (or other registered funds).
Many of us have an RRSP, which you probably need to fund your retirement. One benefit of an RRSP is that you can name beneficiaries to receive unused funds when you pass. Plus, you can add or change a beneficiary any time without legal fees.
When you name a charity as one of the beneficiaries of your registered funds, you leave a generous contribution that will have future impact, and your estate benefits from the tax credit.
It only takes a minute. You can start now and download your RRSP beneficiary form on the Will Power campaign’s website.
And if you decide to name TLC as one of your beneficiaries – thank you! Please let me know so I can provide you with our legal name and registration number for your form, and make sure your gift will best fit future needs.
I hope you found this tip helpful as you continue on your legacy journey.
All my best,
Lisa Cross
Donor Relations Manager
