Transfer Policy

Transferring ownership of an existing policy to Pillars Trust allows you to receive a charitable tax receipt for the fair market monetary value of the policy at the date of transfer.  If you owe annual premiums you would still continue to pay them but you would receive tax receipts in the amount of these remaining payments.

Pillars Trust Fund strongly encourages you to seek independent financial and legal advice, and to organize any policy transfer with an insurance provider experienced in working with charitable organizations in this manner.

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Pillars Trust Fund is a non-profit organization.  Pillars Trust Fund cannot and is not providing any financial or legal advice.  You must seek your own independent financial and legal advice.  Pillars Trust Fund encourages you to speak with your family, notary, lawyer, financial advisor, accountant and any other person or professional to help you choose the appropriate planned giving option for your circumstances.  If you do not have a financial advisor, your bank could help you find one.  If you do not have a notary, you can find help locating one near you through the Chambre des notaires du Québec (www.cnq.org/en/) or calling 1-800-notaire.  If Pillars Trust Fund can be of any other help or you would like to discuss this with us further, please contact us at admin@pillarstrust.org