Leave a Legacy

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If you have assets, you need a will. But are you like over half of Canadians who haven't planned for the final distribution of your assets?

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Please don’t procrastinate getting your affairs in order. Get started today! For more information, please contact us at 780-488-2266 or [email protected].

Why do I need a Will or a Power of Attorney?

We know that completing your Will and Powers of Attorney for personal care and property is one of the most important ways you can comfortably secure your future. Why? Because not only are you are protecting yourself, those you care about, and your assets, but if you leave a charitable bequest to the Alzheimer Society in your Will, you will help us defeat dementia.

Quite simply, if you have assets, you need a Will and most likely Power of Attorney. But are you like over half of Canadians who might not have planned for the final distribution of the assets that took an entire lifetime to build?

When dementia and procrastination are paired up they can wreak havoc. If mental capacity issues arise you will not be able to sign legal documents - meaning court proceedings may be necessary to access your finances or health records. This process can be time-consuming, expensive, and stressful for you and the people you trust to take care of you. Getting your legal affairs in order as soon as you can is critical to protecting yourself, and if you choose to Leave a Legacy of hope by making a charitable bequest to the Alzheimer Society of Alberta and Northwest Territories, you can offset costs your loved-ones might incur when you pass.

Here are a few reasons why a Will is such an important document:

Protection. A Will protects those you care about, whether your family or a charity you support.

Common sense. You have worked hard. Why not make sure that the assets you worked so hard to accumulate go where you want them to go.

Minimize expense. To help you prepare a legally sound Will, you need to work with a professional.  A well-prepared Will can save you money by reducing taxes and administration costs.  And did you know that leaving a gift to the Alzheimer Society in your Will could help you leave more to your beneficiaries and pay less tax?

Control. You can decide who will be the Executor/Trustee of your Will, who will look after your kids, and who will benefit from your lifetime of work.

Because you say so! If you die without a Will, the Alberta and Northwest Territories governments will decide how your assets will be divided—not you. Want greater control of your assets? Do your Will.

You have more to leave than you think. Personal items often have great value, whether sentimental or financial. Write these items into your Will and make sure they go to the person who will appreciate them most.

Peace of mind. Did you know that a person must have the mental capacity to sign legal documents? Now is the time to get your affairs in order and ensure that your wishes can be fulfilled.

Life happens. Do you already have a Will? If you’ve gotten divorced or remarried, if you’ve already given away an asset you were planning to donate, or if you no longer need guardians, you’ll need to make changes to your Will.

Plan... for your living. Powers of Attorney for Personal Care and Property detail your personal wishes regarding your medical treatment and finances if you are unable to make decisions.

Please don’t procrastinate. Get started today! For more information, please contact us at 780-488-2266 or [email protected]

Planning for Peace of Mind

Planning for the future involves more than just making a Will. It’s also the perfect time to discuss why you need a Power of Attorney and Personal Directive.  Over 70% of Canadians do not have these critical documents, which can have serious consequences if you or your family member becomes incapacitated due to dementia, an accident or any other health issue.

Having these documents ready is like purchasing insurance. You are prepared for the future.

What does a Power of Attorney do?

Enduring Power of Attorney for Settling Property and making Financial Decisions

An Attorney for Property’s duties and authority often include:   

  • Ensuring that your bills are paid and financial accounts kept in good standing.
  • Applying for pension and insurance benefits.
  • Making sure income is used for your benefit and care.
  • Maintaining your residence and adapting it to your changing needs or, if necessary, sold.
  • Signing legal papers including contracts for services like your telephone or cable TV, leases, real estate documents.

Personal Health Care Directive

An agent authorized to act on your behalf by your Personal Health Care Directive is charged with making decisions and acting on wishes relating to:

  • Where you live.
  • Medical treatments and care.
  • Consent to those treatments.
  • End of life decisions.

For both personal care, and financial matters including settling property, consider the following questions and speak to your legal advisor about how to prepare the documents that reflect your values and wishes:

  • Who do you trust to be organized and honest with your financial affairs?
  • Who do you trust to respect your expressed wishes for decisions such as future health care and living arrangements?
  • If you are considering multiple attorneys, do those individuals get along?
  • Do your proposed attorneys live nearby so that they can help in an emergency?
  • Are your proposed attorneys likely to communicate well with your family and friends, will they foster your independence and put your needs ahead of their own wishes?
  • Have you talked about your wishes with your substitute decision-makers, in particular, and your family as a whole?
  • Do you have your financial information gathered so that your substitute decision-maker can locate your assets, your creditors, and make sure that your financial interests are looked after?

Please don’t procrastinate. Get started today! For more information, please contact us at 780-488-2266 or [email protected].

Legal Information

If you are preparing a Will and need legal information about the Alzheimer Society of Alberta and Northwest Territories, please refer to the following.

Legal Name: Alzheimer Society of Alberta and Northwest Territories

Charitable registration number: 12969-0343 RR0001

Address:  #306, 10431 – 61 Avenue, Edmonton, Alberta T6H 2J3

Sample bequest language

Specific, unrestricted:

I give, devise and bequeath to the Alzheimer Society of Alberta and Northwest Territories the sum of $ to be used for any purpose(s) approved by the Board of Directors of the Alzheimer Society of Alzheimer Society of Alberta and Northwest Territories.

Specific, restricted with Power to Vary clause:

I give, devise and bequeath to the Alzheimer Society of Alberta and Northwest Territories the sum of $ to be used for the following purpose(s). If the Alzheimer Society of Alberta and Northwest Territories is unable to apply all or part of these funds for the specific purpose(s) stated herein, the balance of this bequest not so extended may be used for any purpose approved by the Board of Directors of the Alzheimer Society of Alberta and Northwest Territories, and in its sole discretion, conform as closely as possible to the spirit and general intent of this bequest.

General % unrestricted:

I give, devise and bequeath to the Alzheimer Society of Alberta and Northwest Territories % of the residue of my estate to be used for any purpose(s) approved by the Board of Directors of the Alzheimer Society of Alberta and Northwest Territories.

General %, restricted with escape clause:

I give, devise and bequeath to the Alzheimer Society of Alberta and Northwest Territories, % of my estate to be used for the following purpose(s). If the Alzheimer Society of Alberta and Northwest Territories is unable to apply all or part of these funds for the specific purpose(s) stated herein, the balance of this bequest not so extended may be used for any purpose(s) approved by the Board of Directors of the Alzheimer Society of Alberta and Northwest Territories. See Power to Vary clause above.

Residual contingent trust:

Upon the death of the survivor of my (wife, husband, daughter, son etc.) here named,

I direct my trustee to transfer and deliver the balance of the residue of my Estate, including any undistributed income to the Alzheimer Society of Alberta and Northwest Territories to be used for any purpose(s) approved by the Board of Directors of the Alzheimer Society of Alberta and Northwest Territories. See Power to Vary clause above.

Charitable Clause with instructions to Trustee/Executor re: capital gains elimination:

I give, devise and bequeath an undetermined amount of my estate to be divided equally to the list of charities that I supported in my lifetime. See Letter of Direction attached for list. Putting this in the Will may cause issues or be problematic, although I have seen this done, and I have a donor that has done the same thing. It is fine so long as there is a Letter of Direction, available and is not lost, kept with the Will. The benefit of doing it this way allows them to change the letter rather then the Will. Just a word of caution but I guess they can get advice from lawyer on how to best incorporate this.  These charities shall receive assets such as publicly traded securities and mutual funds in order to reduce the capital gains owing against my estate. I further instruct my Trustee to calculate the amount of such donations to negate any capital gains owing within the rules and regulations determined by the Canada Revenue Agency.