Bequests

Bequests are a simple yet incredibly powerful way to provide support for the causes that matter the most to you. They transfer your Will into one of the most potent tools for change there is, with little or no impact on your lifestyle today.

Best of all, if you choose to include what is know as a residuary bequest in your Will, you'll have the peace of mind of knowing that your loved ones will be catered for without sacrificing your long-term support for the Heart Foundation's fight to save lives from heart disease.

Types of Bequests

Residuary bequest
This is simply a gift of whatever is left of your estate (or a percentage thereof) after all your other gifts, taxes and debts have been fulfilled.

As they are not specific amounts of money, this sort of bequest keeps its value regardless of inflation over the years. It means that the gift you include today is worth just as much when the time comes to put it to work combating heart disease and ending the grief it causes thousands of families each year.

Pecuniary bequest
This refers to leaving a gift of a set dollar amount determined by you at the time of drawing up or altering your Will.

Specific bequest
This is leaving a gift of an item of specific value to be passed on to the Heart Foundation in order to generate funds.

Suggested wording for a bequest to the Heart Foundation

We recommend that you seek advice from your solicitor when making or updating your Will.

Suggested wording for a simple bequest to the Heart Foundation is as follows:

Residuary bequest
I give, devise and bequeath to the national Heart Foundation of Australia (insert the State or Territory in which you live) free from all duties, the following ______ percentage OR the remainder of my estate and direct that the receipt of the Executive Director for the time being will be a sufficient discharge to my trustees.

Pecuniary bequest
I give devise and bequeath to the National Heart Foundation of Australia (insert the State or Territory in which you live) free from all duties, the following $______ amount and direct that the receipt of the Executive Director for the time being will be a sufficient discharge to my trustees.

Specific bequest
I give, devise and bequeath to the National Heart Foundation of Australia (insert the State or Territory in which you live) free from all duties, the following _________ item/s and direct that the receipt of the Executive Director for the time being will be a sufficient discharge to my trustees.

Last Modified : 1/10/2008 12:29 PM