A bequest does not have to be a large amount of money. Financial gifts of any size can make a significant difference to our work. There are many ways you can tailor a bequest to suit your personal preferences and circumstances. The most usual types of bequest are:
You can provide for your family and friends first and leave what is left (the residue) to NPA. As your estate increases in value, so does your bequest. A residual bequest helps offset the effect of inflation. NPA can receive all forms of property and shares, and can be the sole beneficiary of a life insurance policy.
Percentage or nominated portion of estate
Your estate can be divided among a number of people and/or organisations. You won't have to remake your will to compensate for inflation.
NPA can receive all forms of property including shares and can be the sole beneficiary of a life insurance policy.
Establishing a trust in your Will allows a spouse or nominated person to use your property and receive any income derived from your estate during their lifetime. The capital can then be passed on to NPA.
A specific cash sum is a common form of bequest but because it doesn't allow for inflation. It therefore needs to be reviewed regularly.
How to proceed