May is Leave a Legacy Month—a special time I always use to reflect on family. Why family, you might ask? A few months ago, at an event, Keith Thomson, a financial planner who specializes in estate planning, asked two questions of his audience. The first was, “What was your great grandmother’s name?” Most of his audience—including me!—couldn’t remember. Nor do most people know what their great-grandmother loved, what she was passionate about, and what brought significance to her life.
Keith’s second question was, “How would you feel if your great grandchildren knew nothing about you, not even your first name?” Leaving a legacy is a special way of remembering the people and the causes you care so deeply about, and sharing your passions with your children, grandchildren, great-grandchildren and beyond. There are many other benefits:
- After your lifetime, it’s possible to make a more significant gift than you might be able to afford now.
- By including charitable gifts in your estate planning, you may eliminate significant taxes payable upon your death.
- There’s no commitment. Because you are not actually making a gift until after your lifetime, you can change your mind, and your Will, at any time.
To learn more, join us at an exclusive presentation by financial planner Keith Thomson on May 14 at 6:30pm at Toronto’s Bata Shoe Museum. (Come early for a free tour!) Keith will talk about the true value of legacy giving, as well as how to reduce income taxes and eliminate estate taxes.
If you can’t make our event, let me know: I’ll add you to our contact list for our next events in the fall. There is also a free information series running at the Toronto Reference Library from May to September, featuring expert speakers on Estate law and planning, and more events across Canada.
May is Leave a Legacy Month. To learn more about legacy giving, get in touch with Maya Ahmad via email or visit our Legacy Giving webpage.