The 60 Second Bequest
®
Think making a bequest is a hassle? Having a lawyer involved is too much time and money? Well, here’s a philanthropic strategy that takes about one minute to complete, costs nothing, and involves no lawyers.
By utilizing either your Registered Retirement Savings Plan (RRSP) or your Registered Retirement Income Fund (RRIF), you can implement The 60 Second Bequest in three easy steps.
Step One
Request an RRSP/RRIF Multiple Beneficiary Designation form from your plan administrator.
Step Two
Complete the form naming your charity of choice as one of the beneficiaries.
Step Three
Return the form to your plan administrator.
Take note, for some strange reason not every employee of the financial institution with whom you are dealing may be familiar with a Multiple Beneficiary Designation form. Rest assured, it does exist… just keep asking until you are dealing with someone who knows where to find one.
In order to assist you, I have provided an example from RBC Investor Services of their form used for this purpose.
Please fill out the information below to download the Multiple Beneficiary Designation form.
Articles and Interviews
THE TOP 7 MISTAKES CANADIANS MAKE WHEN DONATING TO CHARITY
Interview by Matt Galloway host of “Metro Morning” on CBC Radio One.
Listen as I discuss my Special Report, The Top 7 Mistakes Canadians Make When Donating To Charity and also as I reveal the inspiration behind my book, What Was Your Great Grandmother’s Name? 50 Thoughts On How Canadian Philanthropy Can Transform You, Your Family And Your Community. Click button on the left to listen to the full interview.
GIVING BACK THROUGH PHILANTHROPY
Interview by David Dubeau publisher of
Canadian Business Profit$
