A legacy, also known as a bequest is a gift in your Will to a person or organisation, such as a charity.
Your will is an important expression of your wishes. It ensures that your estate is distributed as you wish and that your loved ones and favourite charities that you've nurtured throughout your life are taken care of after your death.
Making a Will is not a difficult exercise. A visit to a solicitor or Public Trustee can provide the assistance that you need. It is advisable to discuss your intentions to make a charitable gift with your family.
If you already have a Will and wish to make an amendment to it, then a codicil to your Will is an addition a solicitor can make.
These are some gift options to consider for your Will:
A fixed sum Gift
"I give and bequeath the sum of $.................... to the Regional Director for Australia of St Columbans Mission Society to be used for that Society's general purposes as the Regional Director sees fit.
I declare that the receipt of the treasurer, bursar or other proper officer of the Society shall be a full and sufficient discharge for my trustees."
Percentage of the Residue Gift
"I give and bequeath the sum of ..........% of the residue of my Estate to the Regional Director for Australia of St Columbans Mission Society to be used for that Society's purposes as the Regional Director sees fit.
I declare that the receipt of the treasurer, bursar or other proper officer of the Society shall be a full and sufficient discharge for my trustees."