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Bequests
What is a bequest?
A bequest is a gift left in a will to a charitable organization like the MS Society of Canada. Bequests are, by far, the most popular form of legacy gift.
One reason why bequests are so popular is because with a bequest, you will help the MS Society to help end MS without touching the funds and assets you need now.
There are different ways to make a bequest to the MS Society:
- Specific bequest: a gift of a fixed amount of cash or a particular asset
- Percentage share: a gift of a percentage of the whole estate
- Contingent bequest: a gift that will take effect only in the event of the prior death of other named beneficiaries
Some of the advantages to creating a legacy to end MS through a bequest are:
- It’s easy to do by contacting your lawyer
- Your will can be amended or revoked by you at any time
- Reduced taxes payable on your estate as your estate will receive a charitable tax receipt for the gift
- It’s flexible: bequests can be for a specific amount, a percentage of the estate or residual of the estate
If you are about to have a will drafted for the first time or are considering making changes to your current will, your lawyer can include a bequest to the MS Society of Canada. The MS Society’s Board of Directors recommends the following language for use in your will:
I direct my Estate Trustee to pay the Multiple Sclerosis Society of Canada the sum of $____________ (or _____% of my estate) to be used for such purposes of the Society as its Board of Directors may from time to time determine.
How may I create my bequest?
Creating your legacy gift is as easy as 1, 2, 3!
- Make an appointment with your lawyer; collect key information
- Create your will that reflects your wishes
- Contact the MS Society so that we may thank you for your gift
If you have already created a legacy gift and you wish to let us know about your gift, please take a moment to fill out our Statement of Intent form. Any information you provide will remain strictly confidential.
Contact
your local MS Society Office for
more information.
Click here for resources available on legacy giving.
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This is not intended as legal or financial planning advice. When considering any legacy gift, you should always consult your professional advisor(s).
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