You can make a lasting impact in your family and in Organized Kaos by thinking about OK in your estate plans. This is a great opportunity to leave a legacy of your life-long values for yourself and your loved ones.
How To Give
- Legacy Gift In Your Will
- General Bequest
Sample Bequest Language
“I hereby give, devise and bequeath to Organized Kaos – Life and Trade, located in Ontario (BN: 777006693RR0001) [$____ specific dollar amount] or [____ percent of my residuary estate] to be used for its general charitable purposes.”
- Specific Bequest
Allows for particular item or property to be bequeathed.
- Contingency Bequest
Allows for a portion of an estate to be gifted only after a change in circumstances occurs, whereby original named beneficiaries do not survive.
- General Bequest
- Life Insurance
A gift of life insurance is a very meaningful way to leave Organized Kaos a substantial gift for the future. It is advised that you talk to your financial advisor to see if it is right for you. You may designate Organized Kaos – Life and Trade as a beneficiary on a new or existing policy.
- Planned Giving
Registered Retirement Savings Plans (RRSPs)/ Registered Retirement Income Funds (RRIFs)
Depending on your investment portfolio, retirement assets can often be very heavily taxed when withdrawn. Should sufficient alternative funds be available for your retirement years, OK could be named as the direct beneficiary of your RRSP/RRIF assets. This would allow you to obtain full tax benefits without having to subject the funds to probate.
You could also simply gift OK your RRSP/RIFF proceeds through your Will. A donation tax receipt would then used to offset taxes on your final tax return, and/ or the year preceding.
Designated gifts of retirement assets are easy to set-up. All that is required is to contact your Investment Advisor to have the beneficiary information updated.