RAC Foundation Simple Will Kit
|Canada's National Amateur Radio Society|
|"We're ALL about Amateur Radio!"|
Thank you for your interest in making a permanent contribution to Amateur Radio through the RAC Foundation.
An important method to assure the future of Amateur Radio through Foundation programs is by making a bequest. We highly recommend an attorney provide assistance when you are considering a bequest, or any modification to your will, as provincial and local laws must be considered when executing a bequest made with even a Simple Will. Your attorney can advise you and tailor your Simple Will to your precise wishes. We have provided a "sample" Simple Will form, as well as clauses (see below) that you and your attorney can use when planning a RAC Foundation bequest.
The RAC Foundation is administered by Community Foundation of Ottawa (CFO), a tax-exempt organization under the Canadian tax regulations. As such, the amount of the bequest may be deducted from your gross estate for tax purposes, according to current regulations. Check with your attorney for specific information about tax-exemptions.
The following items are guidelines only, to help define how you wish your bequest to be used. Please take a moment to read and mark the item or items that agree with your bequest plans. Mark out or line-through those items that do not apply to your bequest plans. Keep this information on file with your will and other pertinent testimentary documents.
ITEM I. [Undesignated]
I hereby give, devise and bequeath unto the RAC Foundation, a charitable, not-for-profit, tax-exempt organization with headquarters in Ottawa, Ontario, the sum of __________________________ Dollars [$__________.00]. This bequest may be used and applied toward any program or project of the Foundation which the Directors thereof shall deem most important at the time of my death; provided, however, that no portion of this bequest shall be applied toward any program or project of the Foundation which shall jeopardize its status as a tax-exempt organization under Canadian Tax regulations.
ITEM II. [Designated]
I hereby give, devise and bequeath unto the RAC Foundation, a charitable, not-for-profit, tax-exempt organization with headquarters in Ottawa, Ontario, the sum of _________________________ Dollars [$_______________.00] to be used only for the purpose of funding the following:
[Write-in which program(s) you wish to support] ____________________________________, which is fully in keeping with the status of the Foundation as a tax-exempt organization.
>[There may arise a situation where you may wish to make certain bequests to relatives or friends and then leave the residue to the RAC Foundation.]
ITEM III. [Residue]
All the rest, residue and remainder of my property and estate, of every character and description and whatsoever situate, of which I may die seized and possessed, or to which I may have any right, title, interest or entitlement at the time of my death, after payment of all debt, costs of administration, inheritance taxes and other death taxes, I give, devise and bequeath unto the RAC Foundation, a charitable, not-for-profit, tax exempt organization with headquarters located at 720 Belfast Rd, Suite 217, Ottawa, ON K1G 0Z5. This bequest may be used and applied for the funding of such programs of the Foundation which the Directors thereof shall deem most important at the time of my death; provided, however, that no portion of this bequest shall be applied toward any program or project of the Foundation which shall jeopardize its status as a tax-exempt organization under Canadian Tax regulations.
It is through the generosity and concern of many individuals like yourself that the RAC Foundation can maintain programs and projects that provide for the preservation and enhancement of Amateur Radio. Thank you, once again, for your interest.
Note: This form is a sample only. This form may or may not be appropriate for use in your particular province, county or city. Please be sure to consult your attorney when using this model.
LAST WILL AND TESTAMENT OF
I, __________________________________, a resident of, and domiciled in, the City of ______________________, County of ___________________, and Province of __________________________, make, publish, and declare this my will, revoking all former wills made by me.
In consideration of its educational and scientific contributions to Amateur Radio and community at large, I hereby give and bequeath to the Radio Amateurs of Canada (RAC) Foundation, 720 Belfast Rd, Suite 217, Ottawa, On K1G 0Z5, the sum of $_____________________. I give, devise and bequeath to my _____________________, if (s)he survives me, the balance of all my property, real and personal. If my ________________ does not survive me, I give, devise and bequeath to my issue all my property, real and personal. I empower my executor to sell, at public or private sale, any part of my estate, real and personal, at times and upon terms and conditions that (s)he deems proper. I nominate and appoint as Executor of this will my _______________. If (s)he fails to qualify or ceases to act I nominate and appoint my __________________________, as Executor of this will. I direct that no bond be required of my Executor.
IN WITNESS WHEREOF, I have set my hand and seal this_______ day of________________, 20___.
___________________________________________ of ________________________________________
Signed, published and acknowledged by ______________________ as his/her Last Will and Testament, in the presence of us, who, in his/her presence and in the presence of each other, and at his/her request, have subscribed our names as witnesses this _____________ day of __________________, 20___.
720 Belfast Rd., Suite 217
Ottawa, ON K1G 0Z5
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