Bequests

Eight simple steps for making an eternal legacy



1. PRAY before, during and after you prepare your Will.


2. THINK about what makes up your estate. Consider your home and other real estate, savings and investment accounts, stocks and shares, superannuation, insurance policies, pension benefits, annuities and other possessions such as car, furniture or jewellery.


3. CONSIDER who you wish to provide for (beneficiaries) after you are gone. What special considerations do you need to make (such as guardianship arrangements for minors)? What organisations and causes are close to your heart that would benefit from a final gift?


4. PRIORITISE how your estate is to be allocated to your beneficiaries. Once your family and loved ones are provided for, you may wish to leave the rest of your estate or a portion of it to support organisations that reflect your values, such as CMS.


5. PLAN your Will. This is where the detail begins. Because there are different types of bequest, you should decide which one is appropriate for each beneficiary.


For example –

  • A percentage of your entire estate or of what’s left after you’ve made provision for other people.
  • The residue, or remainder, of your estate after all other bequests have been distributed and liabilities paid.
  • A specific gift of an amount of money, or property, shares, stocks, art or other personal property.

6. CHOOSE your executor. Decide on one or more executors who are trustworthy, reliable and will ensure the intentions in your Will are carried out. Check that each person is willing to act in this capacity.


7. PREPARE your Will. Your Will is a legal document, so engaging the services of a solicitor is strongly recommended. A solicitor can help you prepare your Will accurately according to your intentions.


8. SECURE your intentions. Once you have prepared your Will, store it in a safe and secure place. Make sure your family and/or executors know where to locate it and give a copy to your executor, too. Update your Will as appropriate when circumstances change.


To speak to someone confidentially, please contact your local branch today.


Click on the name of your branch to see the right wording to include in your will:

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support organisations that reflect your values, such as CMS.


5. PLAN your Will. This is where the detail begins. Because there are different types of bequest, you should decide which one is appropriate for each beneficiary.


For example –

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