Thrive_Autumn 2019 digital issue
MARGIN Rhythm and Pace
MARGIN Rhythm and Pace
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thrive-magazine.ca<br />
foundation<br />
TO GIVE, OR<br />
NOT TO GIVE?<br />
by Gord Baptist<br />
As the saying goes, there are two things in life that are unavoidable:<br />
death and taxes. As Advancement Director for<br />
the Fellowship Foundation, I have the privilege of helping our<br />
members plan their Estates—not only distributing their assets<br />
to their love ones, but also to ministries that help advance God’s<br />
Kingdom.<br />
As mentioned above, death creates taxation. Assets that have<br />
taxable gain upon death must be assessed and dealt with when<br />
it comes to distribution of the Estate. The one universal standard<br />
in charitable giving is that all contributions create a tax<br />
deduction, which creates tax reduction on the Estate. If there<br />
is a tax reduction, it means a greater portion is available to the<br />
family.<br />
That said, 50% of Canadians do not have a testamentary will,<br />
thereby leaving their family subject to the laws of intestate,<br />
seeing their assets distributed by provincial legislation. A will<br />
avoids that, telling your survivors and the courts how you<br />
want your Estate settled. If you do not have a will, we at the<br />
Fellowship can provide expert support,<br />
connecting you with legal counsel to help<br />
fulfill your ministry and inheritance passions.<br />
— Gord Baptist is Fellowship<br />
Advancement Director and can be reached<br />
at 519.821.4830, extension 244, fax<br />
519.821.9829, gbaptist@fellowship.ca
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