Regardless of our age (actual or ‘preferred’!), many of us are asking the proverbial question:
How do I want to be remembered and for what?
We are living in an age where unprecedented wealth is being transferred from one generation to the next. Canadians need to know that they have choices about where the taxable portion of their estate goes. Inadequate, outdated, or – worse – non-existent Wills can reduce an estate’s size through easily avoidable taxes. Many people do not realize the tremendous tax benefits when assets are left to charities, making more after-tax dollars available to your loved ones.
Surprisingly, only 4% of Canadians currently have a plan to leave a gift to charity in their Will. Are you already one of them, or will you take action to ensure you are remembered the way you hope to be?
Your estate, regardless of size, has the potential to make an enormous difference in Lesotho. By including Help Lesotho in your will, giving a gift from registered assets, or making a bequest through life insurance, you can leave a legacy for the children in Lesotho and for your own families. Including a charitable gift in your long-term financial planning helps you access tax benefits that ultimately benefit you and your estate/loved-ones, while enabling you to make a greater contribution to the world around you.