A bequest in your will, no matter the size, is a thoughtful gift that will keep on giving long into the future.
How to include a bequest to Hornby Island Housing in your will:
After providing for your family and loved ones, you may wish to support affordable housing for Hornby Island and the Hornby Island Housing Society by leaving a bequest in your will. Charitable bequests help provide for the future of your community, and affordable housing in perpetuity. Real estate or other physical property would be very welcome as a bequest. A financial bequest may be directed to support The Elder Village or the society as a whole, as you wish.
HIHS is a Charitable Society registered by the CRA, and so all bequests will be eligible for tax receipts and the resulting tax credits can significantly off-set the tax payable for the final year of your life, in addition to off-setting the tax that may be payable by your estate. Hornby Island Housing Society will not be taxed on any bequests made to it.
A bequest can be for a specific dollar amount, a percentage of an estate, or all or part of the residue of an estate, or it may involve real estate or other property. You can also name the Hornby Island Housing Society as a contingent beneficiary in the event that someone named in your will is no longer living.
The following sample will clause provides a few options for charitable giving to Hornby Island Housing Society through your estate. There are many ways that your legacy can be structured. We encourage you to talk to your lawyer and your family, and contact us to find out more.
Legal Name: Hornby Island Housing Society
Address: Box 33, Hornby Island, BC V0R1Z0
I hereby give the Hornby Island Housing Society, charitable registration number 889102281, the sum of
$ __________ or _____% or the residue of my estate to establish the bequest.