Once the well-being of your family and loved ones is ensured, you can choose to make a significant donation to Mouvement Action-Découverte by stating your intentions in your will. In the event of major changes in your life, you can always modify your will to reflect your new situation.
A bequest is one of the easiest ways to make a planned donation.
Various options are available:
- specific bequest (a specific amount or a specified asset);
- residuary bequest (the total or a percentage of the amount remaining after debts and specific bequests have been paid);
- universal bequest (the entire estate, sometimes divided among several beneficiaries);
All of these means entitle the donor to a tax receipt, which may be used at the time of the donor’s final income tax return. The tax advantages of a testamentary donation can considerably reduce the estate taxes paid.
Donation of the proceeds of a life insurance contract
There are various ways to plan a donation through life insurance. The terms and conditions of a donation in the form of life insurance will depend on your objectives, your age and your family situation:
-Transfer of an existing policy: If you no longer require the coverage provided by your life insurance policy, you can transfer it to Mouvement Action-Découverte, while continuing to pay the premiums, where applicable.
-Purchase of a new policy: If you wish to make a significant donation even though your current resources are modest, you can purchase a life insurance policy, which you can then transfer to Mouvement Action-Découverte. In this case, it is always preferable to pay the premiums over a limited term, for example, over a period of three, five, seven or 10 years. Each premium paid entitles the policyholder to a tax receipt for an amount equivalent to the premium in question.