Wills & Bequests

Leave a legacy: Remember your Estonian Heritage in your Will

Many of us feel a tremendous loyalty and affinity towards their Estonian Heritage, and wish to continue that support by leaving a legacy gift in our Will. By designating the Estonian Foundation of Canada (Charitable No. 891452575 RR 0001) a beneficiary in your Will and/or selected investment accounts, you will ensure that your final gift will help to sustain Estonian communities and programs across Canada.

Your Gift is tax deductible.

Suggested Options for Making a Bequest in your Will

There are several ways to make a bequest in your Will. Here are some examples of wording that you may use and your lawyer can help you determine which wording is best for you.

1. A Dollar amount
“I direct my Trustees to pay or transfer the sum of $_________ to the Estonian Foundation of Canada.”

2. Transfer of publicly traded stocks, ETF, or mutual funds

“ I direct my Executor/Executrix or Trustees to transfer ____ shares of [stock/fund name], in kind, from my non-registered investment portfolio to the Estonian Foundation of Canada.
Note: By gifting “in kind” the otherwise applicable capital gain triggered from selling the stock and gifting the cash is eliminated.

3. “Real property”
“I direct my Trustees to transfer and convey all my interest in real property [place, including address and description of real property here] to the Estonian Foundation of Canada.”

4. Percentage of your Estate
“I direct my Executor/Executrix or Trustees to pay or transfer _______ % of the residue of my Estate to the Estonian Foundation of Canada.”

5. Residual beneficiary
“I direct my Trustees to pay or transfer the residue of my Estate to the Estonian Foundation of Canada.”

Other options of Legacy Gifting:

Change or add the Estonian Foundation of Canada as a beneficiary to your existing:

  1. Life insurance policy
  2. Registered Retirement Income Funds (RRIF or LIF)
  3. Registered Retirement Saving Plans (RRSP or LIRA)
  4. Tax Free Saving Account (TFSA)

When there is a specified beneficiary to any of the above accounts, the asset is not included in your Estate, not included for probate and will pass directly to the Estonian Foundation of Canada. Discuss these options with your Financial Advisor.

Thank You!

Thank you for considering the Estonian Foundation of Canada in your estate planning. You may also download our brochure from the link below and/or contact our office at 416-465-5600. All inquiries are kept strictly confidential.
We hope you are inspired to help make a significant difference to the Estonian communities in Canada, now and for future generations.

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EFC

The Estonian Foundation of Canada is a registered charity that supports Estonian cultural and heritage initiatives across Canada.

Charitable No. 891452575 RR 0001

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