Leave a Legacy

We strongly advise you to talk to a lawyer or estate planner before confirming your legacy gift to ABLE2.

• Step 1: Review your assets. This includes your home, your valuables, your investments and more.
• Step 2: Remember your loved ones and the causes you care about. You can provide for loved ones and charities in your estate plans.
• Step 3: Reflect on your values and your passions. With the help of your loved ones and advisors, consider what type of legacy gift is best for you, and create or update your Will.

We hope this information is helpful for you as you have conversations with your loved ones and with your advisors.

There are three types of bequests available to you:

• Specific Bequest – You designate a specific dollar amount or piece of property in your Will to ABLE2 (e.g., real estate, stocks/bonds, works of art)

I, give, devise and bequeath to ABLE2: Support for People with Disabilities, the sum of $_____________ to be directed towards the area of greatest need determined by the Board of Directors of ABLE2: Support for People with Disabilities.

• Residual Bequest – You allocate all or a portion of your estate to ABLE2 that remains after all debts, taxes, expenses and other bequests are paid

I, give, devise and bequeath to ABLE2: Support for People with Disabilities XX percentage of the residue of my estate to be directed towards the area of greatest need determined by the Board of Directors of ABLE2: Support for People with Disabilities.

• Contingent Bequest – You make a provision in your Will that your gift only takes effect if your primary intention cannot be met (i.e. if the primary beneficiary and alternate beneficiaries do not live longer than you)

Upon the death of the survivor of my (wife, husband, etc.) ______________________ and my (son, daughter, etc.) ___________________, I direct my trustee to transfer and deliver the balance of the residue of my estate, including any undistributed income to ABLE2: Support for People with Disabilities to be directed towards the area of greatest need determined by the Board of Directors of ABLE2: Support for People with Disabilities.

Many Canadians own some type of life insurance, as it allows for the accumulation of tax-sheltered funds and provides heirs with quick access to financial resources. A gift of life insurance may be appealing if a donor is under 50 and in good health, would like to make a large gift for a relatively small financial outlay, and their family no longer requires the insurance proceeds.

You can name ABLE2 as the beneficiary of a policy (including a policy from your workplace). You might also consider signing over ownership of a policy with premiums that are fully paid. In this case, you will receive a tax receipt for the cash surrender value.

For more information please contact your insurance agent, accountant or financial advisor.

Many Canadians have savings in Registered Retirement Savings Plans (RRSP), but RRSPs and RRIFs (Registered Retirement Income Fund) often create large tax liabilities in the year of death since the entire amount of the plan is included in your income in one year. Arranging for a donation of all or a percentage of your RRSP or RRIF to ABLE2 Ottawa upon your death is an effective way to reduce the taxes payable by your estate.

For more information about how to take full advantage of gifts of registered plans (RRSPs and RRIFs), please contact your insurance agent, accountant or financial advisor.