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GIFT NOTIFICATION (This is not a legal document) IF you name Alberta Children's Hospital Foundation (ACH) as a beneficiary in your Will, RESP/RIF, or Life Insurance Policy, AND complete as much of
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A gift in your will is a specific distribution of property or assets that you designate to be given to a particular individual or organization upon your death, as outlined in your last will and testament.
The executor of the estate or the personal representative is typically responsible for filing any gifts in the will, as they manage the decedent's estate and ensure the distribution of assets according to the will.
To fill out a gift in your will, clearly specify the gift, including the item or amount, and the recipient's name. It is essential to ensure the language is unambiguous to avoid disputes.
The purpose of a gift in your will is to communicate your wishes regarding the distribution of your assets after your death, allowing you to provide for loved ones, charities, or causes that are important to you.
Information that must be reported includes a clear description of the gift, the name of the recipient, and any specific conditions or limitations regarding the gift.
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