Life Beneficiary

Make a real difference by making Branksome Hall the beneficiary of your RRSP, RRIF or TFSA. This is an affordable, flexible way to create a legacy, ensuring future generations of Branksome students continue to have the advantages of an exceptional educational experience.

If your RRSP or RRIF has a registered charity as the direct beneficiary, your estate will receive a donation receipt for the entire value of the plan, offsetting any tax liability. A gift of life insurance or a TFSA can add to value to your estate; the charitable tax credit reduces other taxes. In all cases, you minimize taxes and make an impactful legacy gift to Branksome Hall at the same time.

What Are the Benefits?

• Easy to Arrange: Simply ask your financial institution to change the beneficiary designation to Branksome Hall.
• Flexibility: The designation is revocable and can be changed if your financial circumstances alter.
• Cost-Effective: There are no extra out-of-pocket costs.
• Eliminate Probate, Legal and Executor Fees: Your gift will not be subject to probate costs or delays in settlement. The full proceeds are payable upon your death.
• Peace of Mind: You can plan, arrange and announce the gift yourself and know that it will unfold just as planned.
• Control: The designation is not a matter of public record, allowing you to remain anonymous. As well, beneficiary gifts cannot be contested.

How to Arrange:

• You can name Branksome Hall as the direct beneficiary of your RRSP, RRIF or TFSA. Upon your death, the proceeds will be paid directly to the school without delay.
• Alternatively, you can name your estate as the beneficiary and leave instructions in your will to donate all or part of these financial instruments to Branksome Hall. You may specify a percentage or a specific dollar amount to be donated if you wish. Note: Your trustee will withhold taxes and probate will apply when choosing this option.
• In both cases, a charitable tax credit will be created for your estate, offsetting taxes and possibly enhancing the estate value for other beneficiaries.