Will

Will

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SOME BASIC TESTAMENTARY CLAUSES

  • Specific bequest (a designated amount of money or asset)
    I bequeath to………………………………………., a registered charitable organization with its head office located at………………………………………………………, (a specific amount, an RRSP account, a RIF account or a designated asset) to support its mission.
  • Residuary bequest (all or a percentage of the remainder of your estate after the payment of debts and specific bequests)
    I leave to ……………………………………, a registered charitable organization with its head office located at…………………………………………, all or ….% of the remainder of my estate after the payments of my debts and specific bequests.
  • Designation of a contingent beneficiary in case the primary beneficiary does not survive the donor.
    I designate ……………………………………., a registered charitable organization with its head office located at ……………………………………………………………………………………………, as contingent beneficiary should my primary beneficiary predecease me.
  • Universal bequest (total estate)
    I bequeath to………………………, a registered charitable organization with its head office located at………………………………………………………….., all of my movable and immovable assets.

A few specific examples:

I leave the remainder of all the moveable and immoveable assets that will comprise my estate upon my demise, including but not limited to the proceeds of my life insurance policies without a designated beneficiary as well as the monies remaining in my name in any financial institution, to ………………………………………., a registered charitable organization with its head office located at ……………………………………………………………

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I leave the remainder of all my movable and immovable assets, including the proceeds of my life insurance policies without a designated beneficiary:

  1. 85% in equal parts to my children X,Y and Z
  2. 15% in equal parts to the following registered charitable organizations: ………………… (names and addresses)…………………….. Should one of these organizations be dissolved, its share should accrue to the remaining organizations.

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I bequeath the net proceeds from the sale of my property, located at …………….., in equal parts to the three (3) following registered charitable organizations: ……(names and addresses)…………………………………………………………………………………

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I name the following individuals and registered charitable organizations my universal residuary legatees:

  • my sister XXX, living at …….., for 1/5 undivided portion of the estate
  • my sister YYY, living at ………, for 1/5 undivided portion of the estate
  • my brother ZZZ, living at……, for 1/5 undivided portion of the estate
  • my cousin AAA, living at……., for 1/5 undivided portion of the estate
  • the registered charitable organization…………………., with its head office located at……………….., for 1/5 undivided portion of the estate.