Making a Charity Bequest: How to
Thinking about what to do with your assets once you’ve passed can be an overwhelming experience. However, it is comforting to know that by donating part of your estate to a charity such as Foster Care Angels. You can leave a legacy of generosity that will live on, long after you have passed.
What is a Bequest?
A bequest is a directive that you put into your will, instructing that some – or all – of your estate be gifted to a particular cause or charity. A bequest is not limited to money. You can also bequest shares, property, art or any other valuables you might have. Whatever you choose to give, will make a huge difference to the charity you name – and those that they support.
How to Make a Bequest to Foster Care Angels
In Australia, 2 out of 5 people die without having compiled a Will. To avoid any problems after your death it is important that you include your wishes in an official Will document, which should be created with the help of a legal professional to ensure that your wishes are clearly stated with the correct legal language.
In your will, you can state not only what percentage of your estate you would like donated to the charity of your choice, but also, if you like, where you would like that money to be allocated within the charity, like a specific program or sector.
Are You an Executor?
If you are the executor of someone else’s estate, you can choose to the donate money directly to a charity, or you can create an ongoing program in your loved one’s memory, like an ongoing scholarship program in their name that will support a new recipient each year.
Making a Bequest to Foster Care Angels
A bequest to the Foster Care Angels will help us to continue to support children living in out of home care across New South Wales. For more information about how you can make a bequest to the Foster Care Angels contact us today.