Make-A-Will Week: Estate & Legacy Planning Tools
遺言書作成週間 - 遺産による計画寄付の手引き
This week is B.C. Make-a-Will Week!
Make a Will Week is held by the BC government and runs from October 3-9 this year. Its purpose is to encourage the public to write their will or bring an existing will up-to-date.
In British Columbia, making a will just got even easier following legislative changes in August of 2020 that allow people who are in different locations to use technology to remotely witness a will.
DLA Piper provides a comprehensive explanation of Bill 21 here.
Confirmed by the BC government website, “starting December 1, 2021 changes will also give electronic wills the same recognition as physical wills. Wills soon will be able to be signed and stored electronically. While all formats of electronic will are acceptable, people are strongly encouraged to save their freshly made wills in PDF format, to make the probate process as easy as possible for their executor.”
This is a great time to start thinking about the future and the legacy you want to leave for the next generation. If you're unsure how to begin planning, or want to explore planned giving, we have created a number of resources to help. These resources are now available in both English and Japanese!
Making a will is an important part of life. It gives you the opportunity to leave instructions on how your estate will provide for your loved ones. It also gives you the opportunity to support the causes that are important to you and in so doing, have a lasting impact on the type of world you would like to pass on to future generations. It ensures your compassion for others can live on.
Writing your will is not the daunting task you think it may be. Making a will is a responsible step that everyone should take. It provides you with a sense of security knowing that your affairs are in order and the people and things you value have been taken care of.
遺言書作成週間 - 遺産による計画寄付の手引き
今週は、将来のことや、次の世代に残したい遺産について、考え始める絶好のチャンスです。どのように計画を始めればよいかわからない場合や、計画的な寄付を検討されたい場合に役立つ資料をご用意いたしましたので、ぜひご活用ください。資料は、英語と日本語の両方でご利用いただけます。
Feel free to contact us at gifts@nikkeiplacefoundation.org if you have any questions.
What's 'Planned Giving' anyway?
Get the facts about what “planned giving” means and why you should consider it.
Planned Giving in a Nutshell
Simply put, “Planned Giving” means creating a charitable gift now that will go to a charity you care about in the future — usually once you pass away.
It’s “planned” because it is the type of gift that is designated in your Will, and involves both consideration of your financial situation, and preparation, usually with a lawyer and financial advisor.
Why should I consider Planned Giving?
Planned Giving can get you thinking about the future, and the legacy you will leave once you’re gone. You may start to ask yourself “What type of world do you want to pass on to future generations?” and “How do I want to be remembered?” .
Increased Impact
Making a planned gift in your Will gives you the opportunity to give the gift of a lifetime to a causes you believe in. It allows you to leave a larger gift that may not be possible during your lifetime, while still remaining in control of your assets. In doing so, you can make a lasting impact on the type of world you would like to pass on to future generations.
Tax Benefits
Because of Canada’s tax regulations, a planned gift may provide substantial tax relief for you now or for your estate later.
Some people believe that giving to a charity will diminish the amount they are able to leave to their kids and loved ones. However, because of Canada’s tax regulations, you can give money to a charity that would otherwise be given to Canada Revenue Agency in taxes.
Continued Goodwill
After providing for your loved ones, your Will enables you to continue to help others. When a charity receives a planned gift, it can allow them to use it for something special — something that would not be possible otherwise. It can ensure your compassion for others will live on.
A Legacy of Your Own
You will be remembered as someone who helps the Nikkei community preserve and share history, heritage, and culture for future generations, and a better Canada.
Get the Facts
Learn more about the benefits of making a planned gift by downloading our Planned Giving Factsheet to help you get started, or visit our Planned Giving page.
If you have questions, or would like more detailed information, please contact us at 604.777.2122 or gifts@nikkeiplacefoundation.org