A bequest is a simple way to make a planned gift and give to a cause you care about, regardless of your financial resources.
Mentioning Domaine Forget the Charlevoix in your will allows you to bequeath a specific percentage or amount of your assets upon your death. This way, you retain control of your assets during your lifetime and can modify your gift should changes occur in your personal and family situation.
If you make a universal bequest, all your assets will be given to Domaine Forget de Charlevoix once debts have been paid and specific bequests have been made. This type of gift is intended for those who wish to leave a substantial legacy to the organization and who may not have other heirs.
SAMPLE CLAUSE: « I bequeath to Domaine Forget de Charlevoix all my movable and immovable assets. »
A universal bequest allows you to determine the percentage of your estate that you wish to allocate to Domaine Forget. You can make a difference with a gift of only 1% of your estate. This is a good way to ensure that your estate is shared with your loved ones and the organization.
SAMPLE CLAUSE : « I give and bequeath to Domaine Forget de Charlevoix _% of my movable and immovable assets. »
A specific bequest is a gift of a specific asset such as securities, an RRSP or RRIF, or a specific amount of money. You can limit your gift to one of your assets, reserved for the organization. The rest of your estate remains intact for your heirs.
SAMPLE CLAUSE : « I give and bequeath to Domaine Forget de Charlevoix the sum of _$. »
Once all the specific and universal bequests are made, you can make a residual gift from your estate to Domaine Forget. This is an excellent way to help an organization while ensuring a significant transfer to your heirs.
SAMPLE CLAUSE : « I give and bequeath the remainder of all my movable and immovable assets to Domaine Forget de Charlevoix. »
While you make a gift in your will to leave a legacy of value after your death, there are tax advantages that can guide your thinking and have a beneficial impact on your estate. Each situation is unique and all elements of your estate, financial situation and philanthropic objectives should be considered. Domaine Forget recommends that you consult your financial and legal advisors to plan your gift.