What is the best way to make a bequest to the Canadian Warplane Heritage?
A bequest may take any of several forms. Consider these possibilities: A general bequest is for a certain dollar amount of property, usually cash: “I give to the Canadian Warplane Heritage the sum of $100,000 to be used for its general purposes.” A specific bequest directs that the Canadian Warplane Heritage is to receive a specific piece of property: “I give… 500 shares of XYZ stock…” A residual bequest designates all or a portion of whatever remains after all debts, taxes, expenses and other bequests have been paid: “I give… fifty percent (50%) of the rest, residue and remainder of my estate…” A contingent bequest takes effect only under certain conditions: “In the event that my wife does not survive me, I give to the Canadian Warplane Heritage the sum of …
A bequest may take any of several forms. Consider these possibilities: A general bequest is for a certain dollar amount of property, usually cash: “I give to the Canadian Warplane Heritage the sum of $100,000 to be used for its general purposes.” A specific bequest directs that the Canadian Warplane Heritage is to receive a specific piece of property: “I give… 500 shares of XYZ stock…” A residual bequest designates all or a portion of whatever remains after all debts, taxes, expenses and other bequests have been paid: “I give…
