February 2019- When considering your estate plans, do you realize you have three choices? You can arrange for it to go to family, charity, or the government. Since you can only choose two, which two do you choose? If you’re like most, you would like to choose family and charity, but have you done anything to ensure this happens? Donations provide tremendous tax benefits. Besides outright gifts now, through your personal charitable trust, or through your will, you can also name a charity as the beneficiary of your life insurance, RRSP, RRIF, TFSA and segregated fund. Creating a legacy sets a wonderful example for your family as well. Your professional financial planner can help you decide and arrange how best to realize your wishes.