{"content":[{"text":"6","bbox":{"left":0.041295,"top":0.026316,"width":0.011175999999999998,"height":0.018545}},{"text":"BALANCE Newsletter • June 2021","bbox":{"left":0.674806,"top":0.02466,"width":0.289411,"height":0.019167000000000003}},{"text":"PLANNED GIVING— \n LEAVING YOUR LEGACY \n by Ken M. Kramer, Q.C., TEP KMK Law \n In \n addition to the many benefits of having a “Will” Many of us may think, “I really don’t have much to leave, \n in place to plan for the distribution of your estate so why bother!”. Giving a gift through your Will or a Trust \n when you are no longer alive, a Will also enables you does not have to be painful or costly. In fact, the Federal \n to make a contribution to a charity or non-profit Government has recognized the importance of charitable \n organization that you or a family member may have a giving by creating a more flexible environment for making a \n strong association with. gift. Receiving a tax benefit remains a strong incentive for \n many in making a charitable gift, but many people value \n The decision to plan a gift for “tomorrow” will also bring \n the “social benefit” attached to making such a gift. \n you benefits today. By creating your own legacy, you \n can take some control and build a bridge to coming What then are some of the charitable vehicles available for \n generations. The rewards go beyond the personal as you making a gift and which one(s) are most appropriate for me? \n will have a lasting impact and inspire many people in A planned giving vehicle may be as simple as making a cash \n our communities. There are also fiscal advantages when bequest to a specified charitable organization in your Will. \n contemplating a gift in your financial and estate plan. However, new approaches to planned giving may include \n life insurance policies, publicly traded securities or trusts. \n Although many British Columbians continue to make \n Each method will have its own associated benefits for the \n donations to charitable organizations while they are alive, \n donor and the recipient. The following represent some of the \n many are unaware of the various methods and available \n more common planning vehicles worthy of consideration: \n benefits associated with giving a charitable gift when \n we die. \n Bequests \n You can bequeath a sum of money, an item, or any portion \n As governments continue to scale down their \n of your estate. You can also arrange to donate proceeds \n social services responsibilities, the concept \n from your registered retirement savings plan (RRSP) or \n of community-building becomes vitally registered retirement investment fund (RRIF). Charitable \n important to the survival of such organizations. tax receipts issued to your estate can offset taxes on your \n income in the year of death and in the previous year.","bbox":{"left":0.029412,"top":0.359066,"width":0.9411290000000001,"height":0.602931}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}