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Common Myths

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A Gift in your Will - Common Myths About Legacy Giving

"CNIB will not receive my gift for a long time. There is no need for me to tell them about it now."

Many of the gifts that are left to CNIB are made by donors whom we never have the opportunity to meet or thank personally. Letting us know of your intent to leave a legacy to CNIB, gives us a chance to tell you about the impact your generous gift will have.

"I want to remain anonymous"

CNIB is happy to honour your wishes. Everyone feels differently about public recognition. You have the absolute right to tell any charity as much, or as little as you want, about your future plans.

"My circumstances may change and therefore I may have to make adjustments to my will."

Bear in mind, you can change your will any time. At CNIB we understand that all bequest gifts are subject to your personal circumstances and those of your loved ones as well. We understand that your estate plans may have to be altered to meet your needs.

"My partner will automatically inherit everything I own."

This is not always the case, especially for those who are not married or have remarried. It is only by making a will that you will ensure that your wishes are fulfilled.

"Everyone knows who gets what when I die."

Even the most loving families can encounter issues when there is no will to outline specific directions. Telling those closest to you about your plans is not enough. Making a will helps prevent misunderstandings at a time when emotions can run high.

"I don't need assistance from a legal advisor."

You’ll actually save time and money if you hire a legal advisor. Home-made wills can often be full of ambiguities and lead to numerous legal pitfalls. To be absolutely sure your wishes will be carried out, seek the help of a professional.

The Importance of a Will

A will is an essential document that allows you to choose what happens to the possessions and investments accumulated throughout your lifetime. A valid will is also vital to ensure that your wishes are honoured.

Unfortunately telling those close to you is not enough. If you are married or living with someone and pass away without making a valid will, you cannot assume that your partner will automatically inherit everything.

In addition:

  • Through your will, you can provide for your spouse, children, grandchildren, relatives, friends and the causes you support during your lifetime.

  • A will enables you to appoint guardians for dependent children.

  • Your estate is entitled to a donation receipt, providing a significant tax credit on your final tax return that can be applied to up to 100 per cent of your taxable income.

  • An ambiguous will can result in disputes and legal costs that impact the value of your estate, causing further heartache for those left behind.

Don’t forget:

  • Keep your will up-to-date. If your circumstances or wishes change, it is essential to review your will to ensure that it is still relevant.

  • You may need to update your will. For instance, if you get married or divorced, if children or grandchildren are born, or if your husband, wife, or partner dies before you, you will need to make changes accordingly.

  • Keep your will safe. A lost will is of no use. You may leave the original copy of your will with your legal advisor or your executor for safekeeping.

Need Help Making a Donation?

Call our dedicated Donor Services team toll-free at 1-800-563-2642, Monday through Friday, from 7:30 a.m. to 7:30 p.m. EST, or send us an e-mail at donor.services@cnib.ca
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