Many people choose to make gifts from their estates. A charitable bequest is a decision you make known in your will that instruct your executor to leave one or more of your assets, or a percent of your estate to a charitable organization. The bequest can be cash, securities (stocks or bonds), real estate, or other tangible personal property. Your estate will in turn receive a charitable tax receipt, which is applied to the final income tax return. We recommend that you consult your lawyer or estate planner regarding the specific wording of any charitable will bequests. We would be more than happy to meet with you and you planners to ensure your legacy is carried out to your personal wishes.