F24-015 Bequests in Wills booklet 14-pages accessible - Flipbook - Page 12
How to leave a gift
in your Will
When making or updating your Will, we
strongly recommend you discuss your
intentions with your family and seek legal
advice from a qualified solicitor to ensure
your Will is legally valid and correctly reflects
your wishes.
Types of gifts in Wills:
A R E S I D UA RY G I F T is the gift of the
remainder of your estate, or a share in the
remainder, once your loved ones have been
taken care of.
A S P E C I F I C M O N E TA RY G I F T is the
gift of a fixed sum of money.
A S P E C I F I C A S S E T is the gift of a
particular asset, such as real estate property,
shares, jewellery, or an object of value.
Sample Will wording for a monetary gift
to the Queensland Museum Foundation:
“I give [the sum of $____] or [specific
percentage of my estate] to the Trustee for
Queensland Museum Foundation Trust ABN
71 409 081 264 for its general charitable
purposes. I declare that the receipt of the
Trustee for Queensland Museum Foundation
Trust shall be sufficient discharge to my
executor / trustees. A general charitable
intent applies to this gift.”
Please note the information presented here
is not legal advice.
Wild State, Queensland Museum Kurilpa.
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