What is a Will?
A will is a formal legal document in which you specify how you wish your property and assets to be distributed after death. Without a will, your lifetime accumulation of wealth will be distributed according to provincial laws, regardless of your intent. A well-prepared, up-to-date will is essential to ensure your future gift is exactly what you want it to be.
Steps to Preparing Your Will
- Make a detailed list of your assets (financial, real estate, vehicles, jewellery, collectibles, etc.)
- Make a list of organizations or causes you would like to support.
- Set up an appointment with a professional advisor to discuss which giving option(s) will work best for you and your family.
While making a gift in a will is the most common way to support charities through your estate plan, there are other types of gifts that may suit your needs and financial situation. We encourage you to talk to your professional advisor and your charity of choice who can help you decide which option(s) will work best for you and your family. Learn more about the various types of legacy gifts.