Leaving a bequest

When you decide to leave NPA a bequest, a clause should be inserted in your Will using the following words:

"I GIVE the rest and residue of my estate / OR [insert description of specific gift] / OR [insert percentage]% of my estate free from all debts (secured and unsecured) and all duties and taxes (whether federal or state) payable in respect of my estate to the National Parks Association of NSW Inc (ABN 67 694 961 955) ("NPA") for its general purposes, and I DECLARE that the receipt of an authorised officer of the said NPA  shall be a full and sufficient discharge of this bequest."

Whether you are making a new Will, or amending an existing one, we strongly recommend you seek professional legal advice to ensure it complies with current legal requirements and that your wishes can be fulfilled.

You can amend your existing Will to include a bequest to NPA by preparing a signed and witnessed codicil (an additional page to your Will). Seek professional legal advice when preparing your codicil to ensure it does not contradict anything already in your Will and is legally binding.

For substantial amendments we recommend you make a new Will.

Things to remember when preparing your Will

  • Choosing an executor; your executor will oversee the execution of your Will. This person needs to be willing, reliable and likely to survive you.
  • Provision for spouse, partner, children or dependant relatives.
  • Guardianship of minor age children.
  • Gifts to individuals; ensure significant gifts to individuals will not have unintended consequences on their entitlements to pensions and benefits.
  • Assets not included in your Will; for many people there is much more to the overall estate planning process than making a Will. You may not be aware that some important assets - such as death benefits under a superannuation scheme or a home owned jointly with a spouse — are not included in your estate and are therefore not dealt with in your Will. To make sure your estate and other assets are handled according to your wishes, you should consider a Binding Death Nomination under your superannuation scheme.
  • Your legal adviser can ensure all your assets are considered when making your Will.
  • Gifts of property; selling an item of property to enable a cash gift would usually attract capital gains tax. Property or shares gifted through a Will to NPA however, would not attract capital gains tax for the estate, or for NPA upon their sale.
  • Ensure that your Will is valid and complies with current legal requirements.

Keep your Will safe

Your Will is an important document. Keep your original Will in a safe place, such as with your solicitor. Inform your executor where your Will is kept and keep a confidential copy for yourself for easy review.

Review your Will regularly

Review your Will as your circumstances change. Your personal situation may change with marriage, retirement, births or deaths in the family.

Contact us for more information

To advise us of your bequest intention, please contact Diane Latta on 02 929 0000 or This email address is being protected from spambots. You need JavaScript enabled to view it..

The following list outlines the key requirements your client will need to fulfil in order to leave NPA a gift in their Will:

Suggested wording:

"I GIVE the rest and residue of my estate / OR [insert description of specific gift] / OR [insert percentage]% of my estate free from all debts (secured and unsecured) and all duties and taxes (whether federal or state) payable in respect of my estate to the National Parks Association of NSW Inc (ABN 67 694 961 955) ("NPA") for its general purposes, and I DECLARE that the receipt of an authorised officer of NPA  shall be a full and sufficient discharge of this bequest."

Naming NPA as a beneficiary:

To be certain your client's bequest will reach NPA it is important to:
•    Use our full legal name: National Parks Association of NSW Incorporated.
•    Include the registered Australian Business Number: 67 694 961 955.

Legal and tax status

The National Parks Association of NSW Inc. is an Incorporated Association registered in the State of NSW, and is eligible to receive tax deductible donations.

If your client wishes to notify NPA personally, they can contact Diane Latta on 02 9299 0000, or This email address is being protected from spambots. You need JavaScript enabled to view it.
All details will be kept strictly confidential.

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:

Residual bequest

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.

Property

NPA can receive all forms of property including shares and can be the sole beneficiary of a life insurance policy.

Trust

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.

Cash sum

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

Choose which type of bequest you would like to leave, and use our suggested wording for your Will. For assistance, please  This email address is being protected from spambots. You need JavaScript enabled to view it.