Do you want to make a CHARITABLE DONATION before payment of residue in your will?

If you want to make a charitable gift in your Will you firstly need to consider whether you have enough money in your estate to pay for it. Usually gifts to charities are paid out before the residue is distributed among the beneficiaries. You will need to get the exact name of the charity and its charitable organization number as registered by Revenue Canada. It is wise to name a specific dollar amount. You may also consider directing what should happen if any of the charities named are no longer in existence at the date of your death by giving discretion to your executor to choose another charity.


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