P r o m o t e d C o n t e n t
C R E A T E A L E G A C Y
estate planning and charitable gift
planning, recognized for its two-volume
publication, Miller Thomson on Estate
Planning.
Enticknap advises that donors
do their homework before making
a bequest. "Find out whether the
organization can actually use the gift
in the way you intend, and make sure
you understand which types of gifts the
charity can accept."
If your bequest is in any way
complicated—such as gifting
appreciated securities or real estate—get
specialized advice. "You need some
very speciic language, particularly in a
will, to make sure that happens." And,
adds Enticknap, whether you're making
a donation now or leaving a legacy in
your will, it's important to know how
your gift will affect your tax situation. A
consultation with an expert will ensure
that both you and the charity are
getting the best bang for your buck.
One way to make sure your legacy
lasts in perpetuity is to create your own
family foundation. National investment
irm Mackenzie Investments offers a
tax- and estate-planning product called
a donor-advised fund, which offers all
the beneits of a private foundation
without the upfront costs and
administrative responsibilities.
With an initial contribution of at
least $25,000, donors can create their
While medical care itself
may be provided by the
provincial health authority,
supplementary care
services–such as out-of-
hospital care for the families
of sick children–are largely
supplied through donations
and the generosity of
volunteers.
