A bequest to the New Brunswick Lung Association in your will is one of the most popular ways of leaving a legacy for the future.
The importance of having an up-to-date will cannot be overestimated. Through your will, you can make provisions for:
- the financial security of your family
- the naming of guardians for young children
- property distribution
- funeral instructions
- financial gifts to causes that you support to ensure that your beliefs live on and the work you supported in your lifetime will continue.
Unfortunately, a high percentage of Canadians die without a will (intestate). The probate process for an estate without a will can be costly and time-consuming, and will not take into account your personal wishes and priorities.
By constructing your will carefully, you can avoid excessive taxes. For example, a charitable bequest can reduce the final tax burden of your estate by as much as 100% of your income in the year of demise and the previous year.
We recommend that you seek the professional advice of your family lawyer and a financial advisor when drawing up your will. Your lawyer can draft or amend your will to include a bequest to the New Brunswick Lung Association if you choose. Your financial planner can advise you on how to obtain optimal tax benefits for various forms of charitable gifts.
Perhaps you have already made a provision in your will to leave a lasting legacy to the New Brunswick Lung Association. If so, we would very much appreciate hearing from you, so that we may properly thank you. We assure you that any details you provide will be kept completely confidential.