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Sample Will Wording
Your family comes first... London Health
Sciences Foundation (LHSF) believes that a donor's interest and their family's
interests must come first when a planned gift is arranged. A gift from your
estate to LHSF will result in tax relief to your estate, leaving more residue
for your other interests and family.
Your Will can reflect your commitment to LHSF. The following four
sample wording options for structuring a bequest through your Will should help
you establish a legacy that best suits your needs and wishes. It is important
that this language be reviewed by the legal advisor drafting your Will.
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I direct my Executors to give ______% of the residue of my Estate to London
Health Sciences Foundation for the benefit of London Health Sciences Centre for
use where it is needed most as determined in the absolute discretion of the
Directors of London Health
Sciences Foundation.
-
I direct my Executors to give to London Health
Sciences Foundation for the benefit of London Health Sciences Centre the sum of
$_____ to be used where it is needed the most as determined in the absolute
discretion of the Directors of London Health
Sciences Foundation.
-
I direct my Executors to give to London Health
Sciences Foundation for the benefit of London Health Sciences Centre the sum of
$_____(or_____% of my residue) to be used for the purpose of (examples could
include: research, patient care, equipment, teaching, a program at the
Hospital, etc.), provided that if such purpose ceases to exist or ceases to be
provided by London Health Sciences Centre, then the legacy shall not fail but
the Directors of London Health
Sciences Foundation shall use such legacy for a medical purpose which most
closely resembles the purpose set out above.
-
I direct my Executors to give to London Health
Sciences Foundation for the benefit of London Health Sciences Centre
_____________ (real estate, securities, etc.) for use where it is needed most
as determined in the absolute discretion of the Directors of London Health
Sciences Foundation.
Please Note
As our Hospital's needs change significantly from year to year and medical
advances impact our future needs, it is appreciated if an "undesignated" gift
can be made. If restrictions are placed on your gift, they should be made
generally and with some flexibility or an "out" clause, should the need no
longer exist at the time of your death (please see option No. 3 as an example
of this flexibility). Sadly, examples abound in the United States where funds
are tied up for "small pox research" - a need that no longer exists.
Many thanks for your support of LHSF! On behalf of the many
patients who will benefit from your generosity, please accept our sincere
gratitude.
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