BEQUESTS: HOW IT WORKS

There are four main types of gifts you can choose to leave to a charity.

  1. Residue: The remainder of your estate after considering your loved ones. 

  2. Percentage or fractional: A gift expressed as a percentage or fraction of your estate.

  3. Pecuniary or specific: A specified gift which can be money, property or stocks and shares.

  4. Whole estate: This comprises your entire estate and is usually left by those without other beneficiaries or those wanting to achieve something very significant.

You can talk to a lawyer about the type of gift that will best suit you and your estate. Remember - gifts left to charities in wills are exempt from inheritance tax and capital gains tax.

There are different ways to leave a legacy that protects heritage long after you’ve gone, including: 

  • Gifts of money 

  • Gifts of property and real estate to keep or to sell 

Gifts of money 

You don’t need to have a lot of money to leave a gift in your will. Anyone can leave a gift to the Oamaru Whitestone Civic Trust and we welcome all gifts, large or small. 

Money from bequests has been particularly valuable to us for maintaining and preserving our heritage properties.

 

Bequest of real estate

The Oamaru Whitestone Civic Trust also accepts gifts of real estate. Gifts of real estate can be made at any time (before or after death). Our donee status with IRD means any gifts made in your lifetime are tax deductible.

We do need to ensure that resources will be available to successfully maintain, interpret and operate the property well into the future, so please contact us first to discuss a bequest of property. If you choose to support heritage in your will, rest assured you’ll be making a huge difference.

ABOUT US

Preserving Oamaru’s Victorian Precinct and developing the buildings and streets into a destination locals embrace, visitors want to experience and which drives economic growth and community pride.

ADDRESS

2 Harbour Street,

Oamaru, 9400

 

mark@victorianoamaru.co.nz

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© 2019 Oamaru Whitestone Civic Trust