Charitable DonationJune 4, 2024by William WongCan you include charitable donation in your Will?

Emily Tan, a retired teacher from Kuala Lumpur, has always been passionate about education and humanitarian work. As she plans her estate, she wants to ensure that her values and passions are reflected in her legacy. Emily decides to include charitable donations in her Will.

 

Through Will

Emily identifies World Vision Malaysia, a charity that works to improve the lives of children and communities in need, as the beneficiary. After consulting with her estate planner, Emily specifies that 20% of her estate will be donated to World Vision Malaysia.

Emily’s Will includes detailed instructions, specifying World Vision Malaysia’s full legal name, address, and her wish for the funds to be used to support educational programs for underprivileged children.

By including these charitable donations in her Will, Emily finds peace of mind knowing that her assets will contribute to a cause she cares deeply about, even after her passing.

 

Through Testamentary Trust

Alternatively, Emily can consider another way to support World Vision Malaysia through a testamentary trust. She discusses this with her estate planner and decides to include a provision in her Will that establishes a testamentary trust upon her death.

Emily directs the trustee of this trust to donate RM10,000 annually to World Vision Malaysia. This structured approach allows Emily to provide ongoing support to the charity, ensuring a steady stream of funding for their programs over many years.

The provision in her Will specifies that the trustee must ensure the annual donation is made each year and provides clear instructions on how the funds should be transferred to World Vision Malaysia. By setting up this trust, Emily can make a lasting impact and provide sustained support to the causes she cares about.

 

You may make an appointment with our legal advisor here:

https://calendly.com/finex-and-co-legacy-advisory/tea-talk-with-legal-expert

 

你是否能在你的遗嘱中包括慈善捐款?

Emily Tan,一位来自吉隆坡的退休教师,一直以来都热衷于教育和人道主义工作。在规划她的资产时,她希望确保她的价值观和热情能够在她的遗产中得到体现。Emily决定在她的遗嘱中包括慈善捐款。

 

通过遗嘱

Emily确定了马来西亚世界宣明会,作为受益方。马来西亚世界宣明会是一个致力于改善贫困儿童和社区生活的慈善机构。在咨询了她的遗产规划师后,Emily规定将她遗产的20%将捐款给马来西亚世界宣明会。

Emily在她的遗嘱中清楚地写出马来西亚世界宣明会的全名、地址,以及她希望将资金用于帮助贫困儿童的教育项目的愿望。

通过在她的遗嘱中包括这些慈善捐款,Emily放心地知道,即使在她去世后,她的资产也将为她这份热忱延续下去。

 

通过遗嘱信托

另外,Emily可以考虑通过遗嘱信托来支持马来西亚世界宣明会。她与她的资产规划师讨论了这个想法,成立一个遗嘱信托。

Emily指示受托人每年向马来西亚世界宣明会捐款1万令吉。这种结构化的方法使Emily能够持续支持这个慈善机构,确保他们的项目能够持续多年得到资金上的支持。

她的遗嘱中的条款规定,受托人必须确保每年进行捐款,并明确说明资金应如何转账给马来西亚世界宣明会。通过建立这个信托,Emily可以为她的热忱提供持续的支持。

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