Crafting a Legacy that aligns with your values and benefits the Cowichan Valley requires thoughtful consideration and adherence to Canadian laws and regulations, particularly within the context of British Columbia. Here are some avenues to explore as you plan your legacy gift:
1. Bequests in Your Will:
A bequest in your Will is a common way to leave a lasting impact. The bequest to Cowichan Green Community in your Will can be made in several ways:
- include a specific dollar amount
- specify a percentage of your estate’s residue
- after providing specific bequests for others, leave the residue of your estate to CGC
Consult legal counsel to ensure your bequest adheres to British Columbia’s estate laws.
2. Gifts of Stock or Securities:
Donating appreciated stocks or securities can offer tax advantages while supporting Cowichan Green Community initiatives. This can be done in your lifetime or as a Legacy Gift. Consult a financial advisor to understand the benefits and ensure compliance with British Columbia’s regulations.
3. Life Insurance Beneficiary Designation:
Naming Cowichan Green Community as a beneficiary of your life insurance policy allows you to make a substantial gift while optimizing your financial planning. Understand the legal requirements involved by consulting professionals.
4. Charitable Remainder Trusts:
A charitable remainder trust can provide income to other beneficiaries and the remainder to Cowichan Green Community. This option requires legal and financial advice to ensure it aligns with British Columbia’s guidelines.
Legal and Financial Advice
Your legacy gift involves legal and financial considerations. By thoughtfully exploring these avenues and consulting with legal and financial professionals who understand the laws and regulations, you can ensure your Legacy Giving plans are both impactful and compliant.
Contact Us
Feel free to contact us at [ info@cowichangreencommunity.org / +1 (250) 748-8506 ]. Our team is here to answer your questions, provide guidance, and help you navigate the process of leaving a Legacy Gift that positively impacts the cowichan valley.
Cowichan Green Community Charitable Registration
Ensure your gift is accurately documented by using our full legal name, address, and charitable registration number as follows:
Cowichan Green Community Foundation
360 Duncan Street
Duncan, BC V9L 3W4
Charitable Registration Number: 820121176 RR0001
This information is not intended to constitute or replace specific professional advice. Donors considering a legacy gift should speak to an advisor with appropriate tax, legal and other expertise to implement a strategy that achieves their objectives.