Sample Will Clauses

Elimination of Taxes on Death of Family Members

On the First Death

"To pay of transfer as a charitable donation to The Wood's Homes Foundation sufficient funds or specific assets as determined by my Trustee in his absolute discretion, subject to a maximum of $..........., to achieve the maximum allowable reduction, including if possible the complete elimination, of any federal and provincial Canadian income tax which would otherwise be payable by myself or my estate in the year of my death and the year preceding my death."

On the Second Death

Subject to satisfying the bequests in sub clauses 3(D) (i) and (ii) above, to pay of transfer as a charitable donation from the remaining residue of my estate to The Wood's Homes Foundation sufficient funds or specific assets as determined by my Trustee in his absolute discretion, subject to a minimum value of $....., to achieve the maximum allowable reduction, including if possible the complete elimination, of any federal and provincial Canadian income tax which would otherwise be payable by myself or my estate in the year of my death and the year preceding my death."

Specific Bequest

I give to The Wood's Homes Foundation the sum of $..... (or a percentage share) to be used for such purposes as the Board of Directors may determine; and I declare that the receipt of the receipt of a person authorized to give receipts shall be sufficient discharge for the same.

I give to The Wood's Homes Foundation...(description of property) to be used......

To pay the amount of $...... to The Wood's Homes Foundation to used in the area of greatest need as determined by the Board of Directors.

Residual Bequest

I give to The Wood's Homes Foundation all (or a stated percentage) of the rest, residue, and remainder of my estate to be used.....

To pay or transfer to The Wood's Homes Foundation the residue of my estate to be added to endowment and be retained for at least ten years.

Conditional Bequest

To pay or transfer to my Aunt Mary, the sum of $........ if she survives me. If she does not survive me, to pay or transfer $......... to The Wood's Homes Foundation.