Leave a legacy

A legacy, or bequest, is a sum of money, property, or possessions left in your will to individuals, groups, organisations or charities.

There are three common ways to leave a gift in your will.

Residual bequest: The amount, or share of the amount, that is left over in the estate after all expenses, debts, and other specific bequests have been settled.
General bequest: A specified amount of money or percentage of one’s estate.
Specific bequest: An item such as a work of art, stocks and shares, or even property is specified in a will.

To ensure the will accurately describes your intentions, the following clauses could be included:

I give [a specified share of the residue / the sum of / a specified bequest] to Tertiary Students Christian Fellowship for its general purposes and I declare that the receipt of the appointed officer of TSCF shall be full and sufficient discharge for the said legacy.

I further declare that at the date of my death or the date of distribution of my estate, any charity named in my will that does not exist or has amalgamated with another charity or has changed its name, such legacy or residuary gift shall not fail but my trustees shall pay it to the charitable organisation which they consider most nearly fulfills the objects I intended to benefit.

If you have a preference for what the legacy could be used for, expand the first paragraph to identify that:

I give [a specified share of the residue / the sum of / a specified bequest] to Tertiary Students Christian Fellowship for its general purposes, to support [name of regional fund, staff worker or project] and I declare that the receipt of the appointed officer of TSCF shall be full and sufficient discharge for the said legacy.

If you have any questions about leaving a legacy or have intentions to include TSCF in your will, please get in touch. We would love to thank you personally for your partnership in sharing the gospel with this generation and with generations to come.

 

Past and present members of Auckland’s EU celebrate its 90th anniversary in 2017.