Using your will and bequests for community benefit
Your will is a legal document in which you nominate who will receive your property and belongings after you die. In the absence of a will, government regulations determine their distribution, which can cause unwarranted expense and anxiety for your friends and relatives. It is important to have an up-to-date will which reflects your wishes according to your current situation.
Your will is also a great way of contributing to your community. SHINE for Kids makes a difference in the lives of thousands of children in need. You can provide vital financial support to the work of SHINE for Kids with a bequest in your will. A bequest is a specific gift of assets or belongings to a particular person or organisation.
There are three main types of bequests:
- A residual bequest includes anything remaining in your estate after the specific and general bequests have been paid.
- A specific bequest is a gift of a particular piece of property such as a house, furniture or jewellery.
- A general bequest is usually a sum of money or a percentage of the value of your estate.
How should I word a bequest to SHINE for Kids?
We suggest that you use the following wording: "I give [amount] to SHINE for Kids for the general purposes thereof."
Should you wish to direct the gift to a special area we recommend: I give... to SHINE for Kids for the specific purpose of [area or purpose]."
Let us know how we can help
If you are considering a bequest to Shine for Kids and would like to discuss this, please contact the Manager of SHINE for Kids Bequests on (02) 9714 3000. If you do decide on a bequest, we would appreciate your letting us know. This will be a great help with forward planning, and will also enable us to thank you personally.
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