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When creating a bequest in a will, consider the following:

• a donor may bequeath the entirety or a portion of the estate by specifying a percentage or an amount to be gifted
• residual gifts may be paid from what is left in the estate once other bequests and debts have been resolved
• a charitable tax receipt will be issued after the bequest has been paid
• the executor follows the donor’s wishes as specified in the will

Life insurance may be the right option for donors who wish to:

• make a substantial gift, but pay only small monthly or annual amounts
• receive an immediate tax receipt
• make a legacy gift separate from other estate assets
• donate the full cash value of their gift, unreduced by estate, executor, or professional fees.

A gift of stocks, mutual funds or securities may be an appropriate option if:

• the donor is looking for flexibility about when to receive the tax benefit for their contribution, i.e., during their lifetime or by their estate at death

Registered investments (RRIF, RRSP, TFSA) may be a donor's preferred option because:

• they have access to their registered savings plan when they need it (only the remaining balance is donated after the donor's death)
• a charitable tax receipt is applied to their final tax return
• the donation is separate from other assets and therefore cannot be contested, claimed by creditors, or reduced by probate fees

Legal Name: Cavernous Malformation Canada

Address: 6103 19 Avenue SW, Edmonton AB  T6X 2A4

Charitable Registration Number: 851604041 RR 0001

For more information about how your donation or legacy gift can contribute to Cavernous Malformation Canada's mission, please email us at contactus@cavernousmalformation.ca.