Canada has a generous tax credit system for those who donate to charities. Many Canadians wish to leave a charitable legacy upon their death. Charitable donations can have a number of unanticipated consequences for an estate. Careful planning for such donations is a must. The Legal Team at Bastion Estate Law is here to help you work through the Charitable Giving maze.
Many Canadians chose to leave a legacy through a charitable contribution, either during their lifetime or upon their death. Charitable giving can be accomplished through a wide variety of strategies including: outright gifts of property, the use of several insurance related tools, registered savings plans, the purchase of annuities, charitable remainder trusts, and corporate giving, among others.
Improperly structured gifts can result in lost tax benefits and a reduced value realized by the charity and any remaining beneficiaries of the estate. A qualified estate planning professional will recommend appropriate strategies to accomplish the client’s overall estate planning objectives and incorporate a suitable charitable giving strategy into the final estate plan.
Bastion Estate Law proudly offers timely, dependable and cost-effective legal services in Calgary Wills & Estate, Estate Administration, and Probate Law
We offer fee-based unbiased estate planning advice for the majority of our Calgary Legal Services
as well as a Complimentary Initial Consultation to discuss your specific needs.