Making a will ensures that the assets you have built up over the years will be distributed according to your wishes.If you would like to support Lady Minto in your will, you can set aside a certain dollar amount or designate a percentage of the residue of your estate (the remainder of the estate once all designated gifts have been made and administrative expenses and taxes have been paid) for the Lady Minto Hospital Foundation. You can also bequeath a specific piece of property like a home, securities (for instance, stocks or mutual funds) or other financial asset. The tax benefits derived from these gifts are often quite substantial.
If you intend to leave a gift in your will – large or small – to the Lady Minto Hospital Foundation the process is very straightforward. It is simply a matter of preparing a will or codicil and including a phrase about your intention.
Sample phrases for your will or codicil:
“I give to Lady Minto Hospital Foundation ____% of the residue of my estate (or the sum of $______) for purposes determined by its Board of Directors.”If you wish to designate your gift for a specific purpose or clinical area, you might include this phrase:”I give to Lady Minto Hospital Foundation ____% of the residue of my estate (or the sum of $______) for purpose of _____________.”
Note: when designating your gift for a specific area or purpose, it may be useful to check with us first to ensure the proper wording/names are used.
If you are interested in learning more about planned gifts please consult your legal or financial advisor or call 250-538-4845. You may also send an e-mail to LadyMinto.Foundation@viha.ca