We cannot say enough about the importance of having a will. A properly drawn, up-to-date will is your best assurance that your estate will be handled exactly as you wish. It is recommended that you review your will periodically and make sure that it reflects any changes to your circumstances.
Although it is difficult for most people to think about, death is certain for all of us, and without a will, our provincial laws take over as to who gets what from your estate when you pass away.
If you have not prepared a will and have no living relatives, your whole estate will go to the provincial government.
- A gift in your will is an effective method to reduce estate taxes.
- COHA will issue an official receipt for the full value of the bequest. (This receipt will be used to reduce the tax payable on your final tax return. If the bequest exceeds 100 per cent of your net income, the excess may be carried back to the previous year.)
- A gift in your will can be made for any amount and can be made no matter how old you are.
- You can choose to make changes to your will at any time.
“I give to Central Okanagan Hospice Association, 200-1890 Cooper Road, Kelowna BC V1Y 8B7, the sum of $____________ (or a description of the property or asset) for its charitable purposes.”
“I give to Central Okanagan Hospice Association, 200-1890 Cooper Road, Kelowna BC V1Y 8B7, ____ percent of the residue of my Estate for its charitable purposes.”
“I give to Central Okanagan Hospice Association, 200-1890 Cooper Road, Kelowna BC V1Y 8B7, the residue of my Estate for its charitable purposes.”
When you make a provision for COHA in your will, please let us know and you will automatically become an honourary member of COHA and our Legacy of Care. Your legacy gift will significantly help us plan for the future of compassionate care for the terminally ill and their families. Thank you for your support.
Our legal name is:
Central Okanagan Hospice Association
200-1890 Cooper Road,
Kelowna, BC V1Y 8B7