[et_pb_section fb_built=”1″ admin_label=”Hero Image Section” module_class=”post_header_sec” _builder_version=”4.17.4″ _module_preset=”default” custom_padding=”30px|30px|0px|30px|false|true” custom_padding_tablet=”0px||0px||false|true” custom_padding_phone=”0px||0px||false|true” locked=”off” global_colors_info=”{}”][et_pb_row admin_label=”Featured Image” module_class=”post_featured_img” _builder_version=”4.19.4″ _dynamic_attributes=”background_image” _module_preset=”default” background_color=”#bbbbbb” background_image=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9mZWF0dXJlZF9pbWFnZSIsInNldHRpbmdzIjp7fX0=@” z_index=”1″ min_height=”600px” min_height_tablet=”400px” min_height_phone=”300px” min_height_last_edited=”on|tablet” overflow-x=”hidden” overflow-y=”hidden” custom_padding=”50px|50px|50px|50px|true|true” custom_padding_tablet=”30px|30px|30px|30px|true|true” custom_padding_phone=”20px|20px|20px|20px|true|true” custom_css_before=”content:%22%22;||background-image: linear-gradient(90deg,rgba(28,29,48,0.9) 7%,rgba(27,29,47,0.7) 31%,rgba(27,29,47,0) 100%);||position: absolute;top: 0;left: 0;z-index: 1;||width: 100%;height: 100%;” custom_css_main_element=”display: flex;flex-direction: column;justify-content: center;” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” custom_css_main_element=”max-width: 500px;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”max-width: 400px;” custom_css_main_element_phone=”max-width: 300px;”][et_pb_text admin_label=”Post Title” module_class=”post_title title58″ _builder_version=”4.17.4″ _dynamic_attributes=”content” _module_preset=”default” header_font=”Poppins|700|||||||” header_text_color=”#FFFFFF” header_font_size=”58px” header_line_height=”1.2em” width=”63.1%” header_font_size_tablet=”34px” header_font_size_phone=”32px” header_font_size_last_edited=”on|desktop” global_colors_info=”{}”]@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF90aXRsZSIsInNldHRpbmdzIjp7ImJlZm9yZSI6IjxoMT4iLCJhZnRlciI6IjwvaDE+In19@[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.17.4″ locked=”off” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”off|tablet” admin_label=”row” _builder_version=”4.17.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_margin=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” module_class=”title58 bottom_left_line” _builder_version=”4.19.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”||||false|false” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n
Here are some commons myths and facts about leaving a gift in your Will. For more information on leaving a gift in your Will to CARE Canada, please contact:<\/p>\n
Zeinab Omer, Senior Coordinator, Philanthropy<\/strong> <\/p>\n Fact:<\/strong>\u00a0By including CARE Canada in your estate plan for any amount, you make a lasting impact and a tremendous difference. Your estate may be larger than you think. Non-cash assets, such as life insurance policies and stocks, are often a significant part of your wealth.<\/p>\n Fact:<\/strong> Your family might know what you want, but they won\u2019t get to make any decisions for you if you don\u2019t write them down in a Will. Instead, a court will make those decisions based on local laws. And the court process can be long and cost your loved ones a lot of money from your estate.<\/p>\n Fact:<\/strong> there are various ways to donate using your retirement plan, life insurance, or estate<\/p>\n Fact:<\/strong> A simple meeting with your lawyer, life insurance representative or retirement plan administrator is all you need to leave your legacy<\/p>\n Although you can draft your own Will, we strongly recommend that you use the services of a legal professional. Mistakes in writing or witnessing a Will can invalidate the document. A simple Will does not cost a lot. In general, you can expect to pay between $250 and $600 for a straightforward Will, and $750-$2,500 for a complex Will. Prices vary by region.<\/p>\n Fact:<\/strong> We encourage you to use your various assets as platforms to make affordable planned gifts and continue your annual donations. A gift in the Will is eligible for a charitable tax receipt which will reduce the overall tax burden on your estate.<\/p>\n Truth:<\/strong>\u00a0If you have a property (even a car), you have an estate. Documenting your wishes in a Will is an important step at any stage of your life. A Will ensures that your intentions are carried out and it can help establish a plan to receive the best tax benefits for your assets. Most importantly, if you have loved ones who depend on you, your estate plan can protect their future. \u00a0Your estate plan should describe what you would like to happen in the event you are unable to make medical decisions or take care of your finances. It is the full picture of your wishes and your life\u2019s work.<\/p>\n Fact:\u00a0<\/strong>This is false. There are many\u00a0reasons to have a Will. Wills can do quite a bit more than just name who gets your money and property. With a Will, you can also nominate guardians for your minor children, name caretakers for your pets, leave instructions for digital assets, write your funeral wishes, and more. A Will can also save your loved ones the time, money, and stress of lengthy, expensive probate court proceedings.<\/p>\n A high percentage of Canadians die intestate (without a Will). In these cases, the courts determine who will become the legal administrator of your estate and your assets are usually distributed among family members in accordance with provincial legislation. No matter what you may have verbally indicated, if you have no Will, or if your Will is invalid, your estate is unlikely to be distributed according to your exact wishes.<\/p>\n A Will can be contested. That\u2019s why it\u2019s always best to talk with your family about your plans. Simply having an open discussion and expressing your wishes to your loved ones ahead of time can help. It is a good opportunity to speak to them about your values, and, if you decide to leave significant bequests to charity, it is a chance to explain why you are passionate about supporting it. If you are in a situation where you want to give to a charity and avoid legal challenges from family members, then you may want to consider a gift of life insurance or making the charity a direct beneficiary of an RRSP or RIF.<\/p>\n <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Here are some commons myths and facts about leaving a gift in your Will. For more information on leaving a gift in your Will to CARE Canada, please contact: Zeinab Omer, Senior Coordinator, Philanthropyzeinab.omer@care.ca\u00a0 |\u00a0\u00a0647-914-2156 Myth: My estate has to be large to make an impact Fact:\u00a0By including CARE Canada in your estate plan […]<\/p>\n","protected":false},"author":7,"featured_media":254201,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"_links_to":"","_links_to_target":""},"acf":[],"_links":{"self":[{"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/pages\/255375"}],"collection":[{"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/comments?post=255375"}],"version-history":[{"count":4,"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/pages\/255375\/revisions"}],"predecessor-version":[{"id":255383,"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/pages\/255375\/revisions\/255383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/media\/254201"}],"wp:attachment":[{"href":"https:\/\/care.ca\/wp-json\/wp\/v2\/media?parent=255375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
zeinab.omer@care.ca<\/a>\u00a0 |\u00a0\u00a0647-914-2156<\/a><\/p>\nMyth: My estate has to be large to make an impact<\/h2>\n
Myth: My family knows what I want, so I don’t need a Will.<\/h2>\n
Myth: The donor must have a Will in order to donate.<\/h2>\n
Myth: Planned giving is too complex and time-consuming.<\/strong><\/b><\/h2>\n
Myth: I want to continue making my annual donation and cannot afford to do both.<\/strong><\/b><\/h2>\n
Myth: I am too young to think about making a Will.<\/strong><\/b><\/h2>\n
Myth: Wills are only important if you have a lot of money or property.<\/strong><\/b><\/h2>\n
What happens if I die without a Will?<\/strong><\/b><\/h2>\n
Can my Will be contested?<\/strong><\/b><\/h2>\n