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LEGACY GIFTS & BEQUESTS When you include The Mississauga Food Bank in your will, you are creating a lasting legacy that will provide wholesome food for hungry children, families and seniors for years
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How to fill out legacy gifts ampamp bequests

01
Identify the assets that you wish to include in your legacy gift or bequest.
02
Decide on the type of legacy gift or bequest you want to make. This can include a specific dollar amount, a percentage of your estate, or specific assets.
03
Consult with an estate planning attorney to draft a will or trust that includes your wishes for your legacy gift or bequest.
04
Specify how you want your legacy gift or bequest to be used. You can designate it for a specific purpose, such as supporting a nonprofit organization or funding a scholarship.
05
Review and update your will or trust regularly to ensure that your legacy gift or bequest reflects your current wishes and circumstances.
06
Communicate your intentions with your loved ones and the organization or individuals you have chosen to receive your legacy gift or bequest.

Who needs legacy gifts ampamp bequests?

01
Anyone who wants to support a cause or organization they care about can consider leaving a legacy gift or bequest.
02
Individuals who want to leave a lasting impact and continue their support beyond their lifetime.
03
People who have accumulated significant assets and want to ensure their resources are used in a meaningful way.
04
Those who wish to support a specific cause, such as education, healthcare, or the arts, can choose to make a legacy gift or bequest.
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Legacy gifts and bequests refer to donations made to charities or organizations through an individual's will or estate plan upon their death.
Individuals who expect to leave legacy gifts or bequests through their will or estate plan may be required to provide documentation, especially if the gifts are significant or involve tax implications.
Filling out legacy gifts and bequests typically involves completing a will or estate planning document, detailing the gifts to be made, and ensuring all legal requirements are met. Consulting with a legal professional is advisable.
The purpose of legacy gifts and bequests is to allow individuals to support causes they care about after their death, helping to fund charities, organizations, or projects that hold personal significance.
Information that must be reported includes the name and details of the beneficiary organization, the nature of the gift (cash, property, etc.), and any specific conditions or stipulations related to the gift.
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