Wording for Your Will
Your lawyer or other professional adviser will help you with the wording of your legacy gift. Below are examples.
A Specific Gift Amount
This is the wording to use when you are leaving a bequest of a specific cash amount. It is simple and straightforward:
“I give $________ to The Royal Canadian Legion.”
A Residuary Gift
The “residue” of your Estate is that which remains after the taxes, administrative and legal expenses are paid, and your heirs have received their specific gifts. The residue can be given in whole or divided among beneficiaries. An advantage is that as your circumstances change, your Will does not have to be altered, as the proportion remains the same.
“I bequeath the residue of my Estate (or xx% of the residue of my estate) to The Royal Canadian Legion.”
A Contingent Gift
This is a provision that allows you to determine the recipient of your estate in the event that none of your named beneficiaries are alive at the time of your death.
“If none of the individuals I intend to benefit by this Will are alive or otherwise capable of benefitting, I leave the residue of my Estate to The Royal Canadian Legion.”
A word about specific designations:
If you wish to designate to a specific Legion program, we recommend the following wording in order to ensure your legacy is realized, should that program no longer be in existence at the time the bequest is realized:
“If through the passage of time, a designated Legion program is no longer in place, I give permission to alter the terms of my Will to adhere as closely as possible to my original wishes; or in the event that this is not possible, please direct my gift to the area of greatest need.”
The Royal Canadian Legion recommends that you consult a legal advisor when planning your Will.