Suggested wording for your bequest.
To include Camp Quality in your will, you could include the
following:
"I give, free of all duties and taxes (choose one of the
following)
- the whole of my estate (or___________% of my estate), or
- the residue of my estate (or____% of the residue of my estate),
or
- the sum of $___________, or my units/shares
in_____________Trust/Ltd, or
- my real property (or ____ % of my property) situated at
(address) having the title reference _____________________, or
- the proceeds from the sale of __________ *as liquidated by the
executor of the estate* sale of a specific item such as artwork,
jewellery etc.
Life insurance policy no. ______________________ held by
__________________to
Camp Quality (ABN) Suite 6, 44 Oxford St, Epping NSW 2121. The
receipt of the treasurer, secretary or public officer for the time
being of Camp Quality is an absolute discharge to my executor.
Without creating a binding obligation on my executor or Camp
Quality, I request that the company use this bequest for purpose
___________________________ and I request the company to use these
funds if at all practicable for this purpose or the purpose in its
absolute discretion which most closely matches this purpose and
failing that for the general purposes of Camp Quality.
We advise you to discuss this with your legal
advisor.
Updating your Will to add a bequest
You don't need to make a new Will to make a
bequest. You can add a clause known as a codicil to
include Camp Quality as a beneficiary. A codicil;
- Must be signed and witnessed by two people in the same way as a
Will
- Should be kept with the Will and should make clear that it
refers to the Will it alters
We advise you to discuss this with your
legal advisor.