{"id":57,"date":"2023-05-28T05:57:41","date_gmt":"2023-05-28T05:57:41","guid":{"rendered":"http:\/\/rrfbc.ca\/?page_id=57"},"modified":"2023-05-28T06:01:56","modified_gmt":"2023-05-28T06:01:56","slug":"bequests","status":"publish","type":"page","link":"https:\/\/rrfbc.ca\/index.php\/bequests\/","title":{"rendered":"Bequests"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>SUGGESTED WILL CLAUSES<\/strong><br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>RESIDUAL BEQUEST<\/em><br>You donate all or a percentage of your estate to the beneficiary after all your debts, taxes, expenses and other specific bequests have been paid.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI give the residue of my estate (or percentage of the residue) to the Rotary Richmond Foundation to be used for such of the objects and purposes as the Board of Directors shall from time to time determine.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>SPECIFIC BEQUEST<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You designate a specific dollar amount, or piece of property, such as real estate, stocks, bonds or works of art.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cI give the sum of $XXX,XXX (or description of other property) to the Rotary Richmond Foundation to be used for such of the objects and purposes as the Board of Directors shall from time to time determine.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>CONTINGENT BEQUEST<\/em><br>Your gift will take effect only if the original intention cannot be met (e.g. if the primary or alternate beneficiaries do not survive the donor).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIf (name of primary beneficiary) does not survive me for 30 days, then I give (description of gift) to the Rotary Richmond Foundation to be used for such of the objects and purposes as the Board of Directors shall from time to time determine.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>GIFT RESTRICTIONS<\/em><br>Whatever the form of the bequest, it may be for an unrestricted (as all above examples are) or a restricted use. Where you have a special interest in a specific cause of the Foundation, you may choose to restrict the use of your gift. Since no one can anticipate the changes and developments that may occur in the future, we recommend that you include a \u201cpower to vary\u201d clause to ensure your gift will deliver maximum value to Richmond residents. The italicized portion of the sample clauses above should be changed to:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201c\u2026to be used for (specify specific purpose) provided, however, that if the circumstances make the specified use of this bequest impractical or undesirable, the Board of Directors is authorized to apply the bequest to other purposes which conform as much as possible to the spirit and intent of this bequest.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>BC Children\u2019s Hospital Foundation \u00a9<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SUGGESTED WILL CLAUSES RESIDUAL BEQUESTYou donate all or a percentage of your estate to the beneficiary after all your debts, taxes, expenses and other specific bequests have been paid. \u201cI give the residue of my estate (or percentage of the residue) to the Rotary Richmond Foundation to be used for such of the objects and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-57","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/pages\/57","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/comments?post=57"}],"version-history":[{"count":3,"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/pages\/57\/revisions"}],"predecessor-version":[{"id":60,"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/pages\/57\/revisions\/60"}],"wp:attachment":[{"href":"https:\/\/rrfbc.ca\/index.php\/wp-json\/wp\/v2\/media?parent=57"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}