A bequest in your Will to our Church is an acknowledgment of your returning to God a portion of the gifts God has bestowed on you during your lifetime. Charitable bequests can have a favourable impact on your overall estate plan and positively affect gifts you make to your loved ones.
Bequests are NOT just for the “wealthy”. Bequests are the one charitable gift that allows you to use charity tax credits against 100% of your income. Not only can you claim 100% but you can also claim the taxes from the previous year as well. You can support your parish with little effect on your loved ones’ inheritance.
A proper estate lawyer is the key to making an effective estate plan that fulfills your wishes, takes care of those you love and ensure your affairs are concluded in a fair and agreeable manner.
The staff at St. Basil’s is pleased to assist you and your legal counsel by providing customized bequest wording to ensure the parish can accept your gift as you intend.
We encourage you to seek professional legal , estate planning and/or financial advice before deciding upon your course of action. Should you wish, the following general wording may be used:
“To pay St. Basil’s Catholic Church the sum of $___________ [or ____% of the residue of my estate]. It is my wish that the funds be used for the purposes and designs deemed appropriate by the Pastor.”
If you have any questions, please do not hesitate to contact Margaret, in our parish office, at 416-926-7110 or [email protected].