Types of Bequests
Your solicitor or trustee company can give you more information, but in general there are five major types of bequests:
- Specific Bequests are gifts of particular articles of property, houses or land, shares, cars, furniture jewellery, artworks etc. given to a particular person or organisation
- General Bequests are usually gifts, sums of money or percentages of the value of your estate given to people or organisations
- Residual Bequests are made up of the remainder of your estate after the Specific and General Bequests have been distributed. You may wish to leave residual bequests to your family or friends or an organisation such as Share
- Proportional Bequests are those in which you leave a specific proportion of your residual estate e.g. 50 per cent of my residuary estate to Share
- Alternative Bequests are those in which you make provision in your Will that if any named beneficiary cannot accept your bequest, Share will benefit.
Whatever amount you bequeath as your personal heritage to Share, be assured that it will be an enduring tribute to your generosity and concern for disadvantaged and vulnerable Victorian and Tasmanian people.
You will also be honoured by becoming a member of our special Seeds of Hope benefactor’s club.