Sample Will Wording

Unrestricted Bequest:

“I give $ _____________ [or portion of estate or estate residue] to The University of British Columbia (the “University”) of 500 – 5950 University Boulevard, Vancouver, BC, V6T 1Z3.”

 

Expendable Bequest:

“I give $ _____________ [or portion of estate or estate residue] to The University of British Columbia (the “University”) of 500 – 5950 University Boulevard, Vancouver, BC, V6T 1Z3, to be directed to the Faculty of [name of Faculty] for the purpose of supporting [type of research or program] at [the University] [the University’s Okanagan Campus].

If unforeseen circumstances make the specified use of my gift no longer practical or desirable, the University is hereby authorized to make any changes to the use that it considers desirable; any such changes to be in keeping as far as possible with the spirit and general intent of my gift.”

 

Endowed Bequest:

“I give $___________ [or named portion of estate or estate residue] to The University of British Columbia (the “University”) of 500 – 5950 University Boulevard, Vancouver, BC, V6T 1Z3 to be used to establish a permanent fund to be known as the [your name or name of the person(s) who you wish the fund to be named after] Endowment Fund (the “Fund”). I direct the University to use the income of the Fund to provide [scholarships] [bursaries] [fellowships] for students in the Faculty of __________ at [the University] [the University’s Okanagan Campus]. I further direct that:

  1. the University may invest and reinvest the Fund in any investments as it in its absolute discretion thinks fit, and in making those investments the University is not restricted to investments permitted by the law of British Columbia for trustees;
  2. the University may invest the Fund as part of its pooled endowment funds;
  3. if any income of the Fund is not used in a particular year, the University, in its absolute discretion, either may add the unused income and any income resulting from it to the capital of the Fund or may invest the unused income with the intent that it and any income resulting from it retain the status of income;
  4. if unforeseen circumstances make the specified use of the Fund no longer practical or desirable, the University is hereby authorized to make any changes to the terms of the Fund that it considers desirable; any such changes to be in keeping as far as possible with the spirit and general intent of my gift.”

 

Because many bequests are unique, UBC encourages donors to speak with a member of the Gift & Estate Planning staff to ensure you have the correct language. We will be happy to draft custom wording for your will.