A Bequest is an excellent way to contribute to Hospice that does not affect your financial situation now.
Once you have taken care of those closest to you, a bequest to your favourite charity can be one of the most important gifts you can give. There are a number of ways you can remember Hospice North Shore in your Will.
What is a Bequest
A Bequest is a donation from your estate which you give to family, friends or your favourite charity (like Hospice North Shore). This is recorded in your Will under the guidance of your legal advisor.
Your Bequest can be:
Specific Sum or % of your estate – what may seem like a considerable amount now, may be significantly reduced over time. Nominating a percentage of your estate will ensure your gift is not restricted by inflation
Residue of your estate – once all other gifts and expenses are taken care of, Hospice North Shore receives what it left.
Specific gift of asset or property – which we can use or sell as appropriate.
Why Should I make a Will
Having a Will is usually a simple and inexpensive process which ensures that after your death, your estate and assets are distributed in accordance with your wishes. Having an up to date Will makes things so much easier for those left behind.
If you die without a Will you run the risk of having your estate incur significant legal expense together with confusion and misunderstanding over your intentions.
Your property and belongings will be distributed according to the terms of the Administration Act 1969, regardless of the hardship this may cause those dependent on you.
Before Making a Will you should
Assess your Estate
List everything you own – your bank balances, property, investments, life insurance, car and other valuable assets and possessions.
Calculate the value of these items
Decide which family, friends, charities you would like to benefit from your estate.
How do I make a Will
By consulting a solicitor, the Public Trust office www.publictrust.co.nz or a trustee company such as the Guardian Trust www.guardiantrust.co.nz . Professional help will maximise the amount your beneficiaries receive and avoid pitfalls that could cause unnecessary expense. A Will is a legal document that helps safeguard the future of your family and loved ones.
Tell the key people
Make sure your executors know about their role and that they or the family know where to find your last Will. Usually this is retained by your solicitor or bank, so it is important for your next of kin to know who that solicitor is and which bank you deal with.
How do I change my existing Will
If you have a Will, you may want to review it to make sure it continues to reflect your concerns for family, friends and your favourite charities. It is recommended that you review your Will every 5 – 7 years. Through your solicitor you can make small changes or additions to your Will through a codicil.
What wording should I use to make a Bequest to The North Shore Hospice Trust (Hospice North Shore)
The wording required to include Hospice North Shore in your Will is as follows:
”I give free of all duties to Hospice North Shore,
the sum of .....................
Or ................................................nominated property
Or ...............................................% (proportion) of my residuary estate
For the general purposes of the Trust or for the following purposes of the Trust, namely ...............................................................................................................
And the receipt of the Chief Executive or other responsible officer of the charity shall be full and sufficient discharge to my Executors:
What would Hospice North Shore use my bequest for
Unless requested otherwise, your bequest would be lodged into the North Shore Hospice Foundation, this is a separate endowment fund, the capital of which remains intact with the interest being available for capital expenses or special projects. Because of the North Shore Hospice Foundation, the future of this Hospice is secure.
What is the North Shore Hospice Foundation
The North Shore Hospice Foundation exists to secure the future of Hospice North Shore (North Shore Hospice Trust). The Foundation was established in 1997 and is a legally registered charity under the Charities Act 2007.
The operating costs of Hospice North Shore are partly funded by the District Health Board but in order to continue our high standard of care and the services we wish to provide to the local community, we must raise the balance of these funds, through various fundraising initiatives and through the support of the local community. As the Hospice Foundation grows, the interest will be able to provide for immediate financial needs as well as also provide for future capital requirements.
Do you want to know if I have remembered Hospice North Shore in my Will
We would be grateful if you would advise us of your intention to remember Hospice North Shore in your Will. It helps our future planning but it also gives us an opportunity to invite you to special functions and to be part of our future. We are happy for the details to remain confidential.
If you need more Information from us – please contact Gaynor Larsen, Funding Development Manager, Hospice North Shore. All discussions are treated with the strictest confidence. firstname.lastname@example.org ph: DD 09 498.3535
“We make a living by what we get, we make a life by what we give.”
Sir Winston Churchill
“I expect to pass through this world but once, any good thing therefore that I can do, or any kindness that I can show to any fellow creature, let me do it now, let me not defer or neglect it, for I shall not
pass this way again”
Ettiene De Grellet`