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Sound financial decisions endure |
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A Special Report on Wills by Donald Hickling
For me, choosing to help St. Paul’s was an easy choice. My family connection to the hospital goes back to long before I was born. My great-grandmother was one of the first patients to undergo a major operation at the hospital not long after it first opened in 1894, and my mother worked at St. Paul’s. I was born in the brick building on Burrard Street. Now I have made my bequest, that connection to St. Paul’s will extend beyond my life. The beauty of a bequest to charity is that you can plan a gift that you might not be able to make during your lifetime when your money is tied up in major assets such as your home. Charitable bequests also mean significant tax advantages for your estate. Some of the money your executor would otherwise have paid in taxes will benefit your charity of choice. Preparing your will and keeping it up-to-date is one of the most important aspects of financial planning. After your death, the people you leave behind will be thankful that you took the time to clearly state your wishes for your estate. Take some time to think about your will. Please join me in leaving
a legacy to St. Paul’s Hospital Foundation. Daniel L. Nocente |
I
think people sometimes have difficulty with the thought of making
a will. You do have to accept your own mortality and recognize that
life is temporary. However, when you discuss your will with your
professional advisor, it’s empowering to find out that you
can make decisions that will benefit others long after your death.
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