Types of Bequests

 

FIXED AMOUNT OR PERCENTAGE

The Friends’ School receives a percentage of your estate or a specific dollar amount.

This is the most common type of bequest.

An unrestricted bequest allows the Board of The Friends’ School

to use your gift according to the School’s current needs.

It would be wise if special purpose restricted bequests were discussed with the School

first, so there is no doubt the conditions can be met.

PERSONAL AND REAL PROPERTY

The Friends’ School receives a specific asset, such as a parcel of land,

a work of art or shares.

CONTINGENT

The Friends School receives a gift from your estate,

usually in the event that you are not survived by your primary beneficiaries.

RESIDUAL

The Friends’ School received a share of, or the entire remainder of,

your estate after other specific bequests have been met.

TESTAMENTARY TRUST

You may leave all or part of your estate in a testamentary trust;

income from this trust will be paid to your beneficiaries for their lifetimes.

At the death of the last beneficiary, the balance of the estate passes

to The Friends’ School.

If you would like to discuss in confidence and without obligation

how to include The Friends’ School in your will, please contact:

Steve McQueeney,

Development & Community Relations Manager

The Friends’ School,

PO Box 42

North Hobart Tasmania, 7002

Telephone 61 3 6210 2203

Facsimile 61 3 6234 8209 or

Email smcqueeney@friends.tas.edu.au

This information has been prepared by the Development & Community Relations Manager

at The Friends’ School with assistance from the School’s

qualified legal advisers.