Discover the answer below to some of the most frequently asked questions about Gifts in Wills, and how to write your Will.
If you’d like to include ShelterBox in your will, simply insert one of the the following messages depending on the type of gift you would like to leave:
Residual Bequest: I give (a ____ % share of) the residue of my estate to ShelterBox Canada, 200-2010 Winston Park Drive, Oakville, ON, L6H 5R7, registered charity number 84628 3208 RR0001, to be used for its general charitable purposes.
Specific Bequest: I give the sum of $(words and figures) to ShelterBox Canada, 200-2010 Winston Park Drive, Oakville, ON, L6H 5R7, registered charity number 84628 3208 RR0001, to be used for its general charitable purposes.
Yes, there are two types of bequests you can leave:
- A residual bequest is a gift of a percentage of what’s left of your Estate once all specific gifts, legal expenses, and liabilities have been taken out
- A specific / fixed-sum bequest is a gift of a specific dollar amount or asset.
Many people prefer to give a residuary gift because it keeps in line with inflation and does not lose value over time.
A bequest gift is eligible for a charitable tax receipt, which will reduce the overall tax burden on your estate, increasing the inheritance for your loved ones.
Once the gift is received, ShelterBox Canada will issue a receipt and send it to your Estate.
The choice is yours! However, if you let us know your intentions, we’ll know how best to support you.
It also gives us a chance to thank you if you do decide to remember ShelterBox Canada in your will. Of course, any information you provide is completely confidential and in no way legally binding.
If you would like more information on leaving a gift in your will to ShelterBox Canada, please call for our Gift in Wills experts at 647-352-1930, toll free at 1-855-875-4661, or email us at [email protected].
We recommend you consult a lawyer or advisor to make sure that all the legal formalities are covered and that your Will is valid.
The cost will vary depending on the complexity of your Estate and your Will.
We know that, for most people, family and friends come first. Including a gift in your Will won’t stop you doing that, especially if you decide to leave whatever is left over once they’ve received their gifts.
When consulting your legal advisor, you can find out more about what to include in your Will to make sure your loved ones are taken care of, as well as the causes you care about.
When writing your will, you need to make sure that you have chosen executors for your Estate – these are people who will ensure that your wishes will be carried out.
You can choose more than one executor, and they could be a legal professional, friend, or family member.
Before you speak to a lawyer or legal advisor, they will expect you to have a rough idea of what you own and what it’s worth.
This might seem off-putting, but all you need is a basic valuation at this this stage. Don’t worry about working out the exact value of everything; as long as you have a rough idea of the value of your estate, that’s enough for them to get started.
You should think about how much the following things are worth:
- Property
- Car
- Savings
- Personal possessions, including sentimental objects
- Your pension
- Any investments you’ve made
- Your business (if you own or partially-own one)
You also need to have an idea of any existing debts you have. These debts might include mortgages, loans, and lines of credit. Again, this doesn’t have to be a precise value, but your lawyer or advisor will need to know a rough idea of the amounts.
If ShelterBox has kindly been left a gift in an estate that you are administering, please contact our Legacies team by emailing [email protected]
We will be able to provide support and guidance to both personal and professional executors, along with our banking details.
If you’re a lawyer who has been asked to leave a Residual or Specific Bequest gift to ShelterBox Canada in a Will, here are the details you’ll need:
Charity Name: ShelterBox Canada
Charity Number: 84628 3208 RR0001
Charity Address: 200-2010 Winston Park Drive, Oakville ON L6H 5R7
We would love the chance to say thank you if you have left ShelterBox Canada a gift in your Will (or intend to do so). We hope to hear from you soon.
