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Bequests & Wills
A gift in your will is the most common planned gift. A gift made through your will may take several forms. The easiest and most direct way is to leave assets such as cash or securities directly to the Semiahmoo House Society. This may be accomplished by including an appropriate statement in your will. For example:
“I give, devise and bequeath to the Semiahmoo House Society at Surrey, B.C.,
a) the sum of ____ dollars, or
b) ____ shares of the capital stock of ____ Corporation”.
The 3 main types of Bequests include:
Residual Bequest, is a gift of all or part of the residue of the estate after all specific bequests and expenses have been paid out of the estate.
Contingent Bequest, is a gift made after certain conditions are met.
Specific Bequest, is a gift of a specified amount of money or piece of property
Benefits
Tax advantages: your bequest will help to reduce your income taxes on your estate, thus benefiting your beneficiaries
Recognition: your gift will live on and provide hope, opportunities and long-term financial aid
Easy: choose the type of bequest based on your needs and wishes
Cost effective: since is there is no up-front cost, your financial security is not effected, and your lifestyle upheld
Satisfaction: of knowing your gift will continue after death and your philanthropic goals met.
Bequests designated to SHS can ensure our long-term financial requirements, and make an substantial difference in the lives of so many.
Please inform us when you are considering a bequest to the Semiahmoo House Society, so we can thank you personally and plan accordingly. It is suggested that if you make a specific bequest to SHS, you allow us the freedom to administer it. The Society’s needs can change rapidly, and an unrestricted gift wills allows us the flexibility of using the bequest in the area that needs it most. If you wish to provide a Bequest gift, please contact your Lawyer and the Director of Development of the Semiahmoo Foundation.
