The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

your Forever Young FIFTY-FIVE PLUS NEWS SOU How to make a lasting legacy and benefit favourite charities Giving to charity can be a rewarding endeav- or that makes a difference in the lives of people in need. Many people donate throughout their lives, and some people may want to impart a more lasting legacy. Incorporating a charity into an estate plan is a great way to continue giving after you pass away. Individuals may not know how to make charities beneficiaries in their wills. A financial planner, attorney or accountant can answer the more complex questions individuals have about naming charities as beneficiaries in a will. In the meantime, this general guide can serve as a solid foundation for individuals who want to give back in their wills. Most people think of beneficiaries as loved ‘ones, but a beneficiary can be any person or entity one chooses to leave money to, includ- ing non-profit organizations. It’s relatively the same process to name a charity as a ben- eficiary as it is an individual. According to the resource Trust & Will, first identify the charity that will be supported, including getting its Employer (Federal) Identification Number or Taxpayer Identification Number. Next, deter- mine which type of gift to make, which may be a predetermined financial contribution, a gift of property, or other assets like stocks. For large donations like real estate or cars, it may be best to contact the charity in advance to ensure they are able to accept such gifts. Finally, be sure to include your wishes in an estate plan. A qualified attorney can help clients draft a will that spells out their wishes in detail. Keep in mind that charities also can be named as beneficiaries on life insurance poli- cies or individual retirement accounts. They also can be listed on bank accounts. Again, people are urged to discuss all options with estate planners to ensure their plans fully reflect their wishes. When naming a charity as a beneficiary, it can be wise to inform family members and other beneficiaries so no one is caught off guard upon your death. This way the charitable gift is not held up by delays in executing the will. MCC 3136 Dundas St. W., Oakville Happiness is not by chance, but by choice. More than a place to live, it's a place to enjoy life and call home. Independent Living | Assisted Care | Short Stay and Respite XO Palermo Village RETIREMENT RESIDENCE Visit us online at PalermoVillage The following list of charities provides some examples of organizations that rely on donations and could benefit from your planned giving. Health Giving to your local hospital, hospice or other health related charity is a popular way to leave a legacy. There may be local charities working with the homeless and neighbours with other needs that would align with your legacy goals. Another option is to support a cause that relates to something that has touched your life like the Heart and Stroke Foundation (heartandstroke.ca) or Diabetes Canada (diabetes.ca). The War Amps Since its founding in 1918, The War Amps programs have grown from assisting war amputees - still served by the charity - to all amputees, including children. A charitable estate donation provided through a will is a way to honour the legacy of war amputees and makes a difference in the lives of ampu- tees through programs like CHAMP for child with a charitable estate donation in your will. Your support provides amputees, Tatell Ue liao melali(elc-laPMuVivamvalcy essential artificial limbs they need to thrive. The War Amps estatedonation@waramps.ca waramps.ca + 1 800 465-2677 Charitable Registration N 13196 9628 RROOO1 amputees. Visit waramps.ca or contact 1 800 250-3030 for more information. Food Aid The Canadian Foodgrains Bank is a col- laboration of 15 churches and church-based Canadian charities working toward the com- mon goal of ending global hunger in conjunc- tion with locally-based organizations in devel- oping countries. There are groups that operate local school lunch programs, food banks and meal programs for financially disadvantaged individuals and families that require donations to run their services. foodgrainsbank.ca Wildlife Conservation World Wildlife Fund Canada is the coun- try’s largest international conservation organi- zation with the vision to create a world where nature and people thrive. Many charities offer options for legacy giving including the Canadian Wildlife Federation, an organization with a mission to conserve Canada’s wildlife and habitats. wwf.ca/cwF-fefiorg £202 ‘y AeW ‘Kepsuny, | seneeg e[Ayeo | SZ, woo"uo}|ByapIsUt