A residual gift allows you to provide for your family and friends first before leaving the remainder of your estate to ACF. The value of a residual gift is determined after loved ones have been provided for and all expenses and claims have been paid. As your estate increases in value, so does your gift to ACF. Inflation will not diminish the value of a residual gift.
Percentage or nominated portion
You can divide your estate amongst a number of people and/or organisations. Your gift to ACF can be a percentage or proportion of the whole of your estate, or of what is left over (the residue) after individual gifts have been made.
If you feel undecided about leaving a bequest in your will to ACF because you are unsure how much money will be available in the future, a residuary gift or nominated percentage can overcome this hurdle. There is no need to nominate a specific value for your gift.
Specific gift or asset
You can leave a specific asset such as property or shares to ACF. Gifts of shares and other property do not attract Capital Gains Tax for ACF or the estate. ACF can also be the beneficiary of a life insurance policy or superannuation fund.
Establishing a trust in your will allows a spouse or other nominated person to use your property and to receive income derived from your estate during their lifetime, after which time the property can pass to ACF.
You can leave a specific cash sum of your choosing to ACF. Any amount, regardless of its size, is integral to funding the work that we do. If you decide to leave a specific amount, please note that in the time between making your will and when the sum is received by ACF, the value of the gift can be diminished by inflation, or not have grown in value in the same way as a percentage or residual of your estate.
If you would like to talk to us about specific will wording, please contact us on 1800 223 669 or [email protected]