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bequest

By naming the African Children's Feeding Scheme in your Will, you can make a positive impact on the future of our nation's children.

Once you have made provision for your own family and friends in your Will, there is an opportunity to also help the larger family of which we are all part – the whole of mankind.

A bequest in your Will can keep alive for generations your compassion and ideals of a world where no child has to go hungry. And you'll be remembered with gratitude for years to come.

You'll also be following a time-honoured tradition of 'giving something back' in celebration of your own life and the privileges you have enjoyed.

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Don't have a Will?

Everyone over the age of 18 should take the time to have a Will drawn up – regardless of wealth or state of health. It's just as important for a married woman to have a Will as it is for her husband.

If you die intestate (without a valid Will), your bank accounts may be frozen for months while a search is made for the non-existant Will; your affairs will take a long time to settle and attract the maximum tax and lawyer's fees.

Many financial institutions will draw up a Will on your behalf free of charge, provided they are named as executor of your estate.

Alternatively, consult an attorney, financial advisor or accountant to ensure your Will is legally worded and properly signed and witnessed.

Including a bequest to the ACFS in your Will can help reduce the amount of tax levied against your Estate. For more information, please contact our Bequest Liaison Officer on 011 839 2630.

bequest

Broadly speaking, there are two main types of bequest:

  • A specific amount of money or item of property – e.g. a house, motor vehicle, item of jewellery, furniture or artwork.
  • A percentage of the total assets or all (or part) of whatever is left over after all other bequests, taxes and payments have been made (the residue).

If you decide to leave a specific sum of money, it's important to review your Will from time to time to ensure that the gift is keeping pace with inflation and that you are not giving away items or money you no longer possess!

Another way of remembering a favourite charitable organisation in your Will is to bequeath the proceeds of an insurance policy taken out to safeguard your children when they were young and no longer needed now.

If your assets are considerable, you might want to consider setting up a Trust to distribute funds over a period of time.

Your attorney, bank or financial advisor can help you decide which type of bequest is most suited to your particular circumstances.

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