What are the other types of gifts I can include in my Will?

Updated Tuesday 04 October, 2016

There are two other types of gifts you can include in your Will: Specific and Pecuniary.

A Specific gift is a gift of a particular item of property which can be used by Compassion to generate funds, such as a home, furniture, artwork, shares or the proceeds of a named bank account.

Suggested wording for a Specific gift:

"I give [insert description of the item being gifted] free of all duties to Compassion Australia (ABN 67 001 692 566) for its general purposes † and direct that the receipt of the authorised officer of Compassion Australia will be a sufficient discharge to my trustees."

† To request that funds be directed to a specific program, replace the words 'general purposes' with the name of a specific Compassion program.

A Pecuniary gift is the gift of a set dollar amount determined by you at the time of making your Will.

Suggested wording for a Pecuniary gift: "I give the sum of $ [insert amount] free of all duties to Compassion Australia (ABN 67 001 692 566) for its general purposes † and direct that the receipt of the authorised officer of Compassion Australia will be a sufficient discharge to my trustees."

† To request that funds be directed to a specific program, replace the words 'general purposes' with the name of a specific Compassion program.

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