Wills and Bequests

Wills and Bequests

<p>Wills and bequests</p><p>Your legacy gift helps to provide Trinity Church, Aurora with a sustainable resource that will be used to enhance our ministries and buildings now and in the future. Remember Trinity Church, Aurora in your will, along with loved ones and others who have given your life meaning. This is one of the simplest and most flexible ways to create a lasting legacy</p><p>A bequest is a lasting gift from the heart with practical benefits to your surviving heirs. Your estate receives a tax receipt for the full amount of the donation, which may offset capital gains or other taxes due. Bequests may come in the form of a percentage of your estate, specific cash amount, property, securities, or other assets. A charitable bequest has no effect on you financially in your lifetime.</p><p>All it takes is a simple clause in your will to leave a gift demonstrating your commitment to the work of Trinity Church, Aurora — and continue transforming lives long after you have gone. Your lawyer can include a simple clause naming Trinity Church, Aurora as a beneficiary. If you already have a Will, the easiest, least expensive way to include a bequest is to add a codicil, where you specify your gift and name Trinity Church, Aurora as beneficiary. The provisions of your existing will remain unchanged.</p><p>Note: A codicil is often added after the completion of a Will. The testator (the person making the will) may have a change of heart regarding a specific bequest, the division of their property, or inclusion or exclusion of someone to the Will. In this case, the testator may execute a codicil, an amendment, to the Will. (from canadalegal.com)</p><p>Sample clauses for wording your bequest</p><p>Proper wording is vital to the validity of a bequest. Trinity Church, Aurora recommends the following will clauses for your use:</p><p>Specific amount bequest:</p><p>“I DIRECT my trustee(s) to pay the sum of ______DOLLARS ($______) to TRINITY CHURCH AURORA, currently located at, 79 Victoria St. Aurora, Ontario L4G 1R3 for its Endowment Fund. The receipt of an appropriate officer of Trinity Church, Aurora shall be a sufficient discharge of my Trustee(s).” Residual bequest:</p><p>“I DIRECT my trustee(s) to pay (insert number that equates to percentage) parts of the residue of my estate to TRINITY CHURCH, AURORA, currently located at, 79 Victoria St. Aurora, Ontario, L4G 1R3 for its Endowment Fund. The receipt of an appropriate officer of Trinity Church, Aurora shall be a sufficient discharge of my Trustee(s).”</p><p>The decision to leave a gift in your will to Trinity Church, Aurora may take place at any stage in your life. Talk to your family; talk to your financial planner and talk to us.</p><p>Should you decide to leave a gift in your will, please contact the Chair of the Endowment Committee to share your wonderful news. 905-727-6101, [email protected]</p><p>Let’s connect</p><p>We would be delighted to work with you and your advisors to arrange a gift that best suits your objectives. Please contact us at 905-727-6101 or [email protected]</p><p>Disclaimer There are numerous options for legacy gifts. We encourage you to consult with your legal and financial advisors to consider all the relevant issues and income tax provisions.</p><p>Our legal name is “Trinity Church, Aurora” and our charitable number is 130374275RR0001</p>

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