Bequests

Bequests and other forms of planned giving by NSAC alumni and friends are an important and valued support in strengthening the college's commitment to maintaining academic excellence. Today, NSAC is preparing for new challenges.

A general bequest directs that the NSAC receives a specific piece of property, usually a sum of cash.

Example: "I give to the Nova Scotia Agricultural College the sum of $100,000.00 to be used for the general purposes of the University."

A residual bequest designates all or a portion of whatever remains after all debts, taxes, expenses and all other bequests have been paid.

Example: "I give to the Nova Scotia Agricultural College all of what remains of my estate following the distribution of my personal articles, and after paying any debts, taxes and expenses, for the general purposes of the University."

OR

Example: "I give to the Nova Scotia Agricultural College fifty percent (50%) of the residue and remainder of my estate, to be used for the general purposes of the University."

A contingent bequest takes effect only if the primary intention cannot be met.

Example: "If any of the beneficiaries named in this will should die before becoming entitled to receive their distributive share of my estate, I direct my Estate Trustee to transfer the share to which such beneficiary would otherwise have been entitled to Nova Scotia Agricultural College to be used for the general purposes of the University."

The examples above are meant for general guidance only. Please see your financial and/or legal advisor for details on modifications to your Will.