Wording your Will

You may find the following wording helpful when your solicitor is preparing your Will.

For a Pecuniary Bequest

A pecuniary bequest refers to leaving a gift of a set dollar amount, determined by you at the time of making or altering your Will.

“I GIVE the sum of $ ............ free of tax to Silver Chain Group Limited of 6 Sundercombe Street, Osborne Park, Western Australia 6017 for its general purposes and I DECLARE that a receipt from the Director, Chief Financial Officer or other proper officer for the time being of the beneficiary will be a sufficient discharge to my Executors in respect of the gift.”

For a Residual Bequest

A residual bequest is a gift of whatever remains of your estate (or a percentage), once taxes and debts have been paid, and after you have made gifts to family and friends.

“Subject to the payment of my debts, funeral and testamentary expenses, legacies and all tax payable from my estate I GIVE the rest and residue of my estate to Silver Chain Group Limited of 6 Sundercombe Street, Osborne Park, Western Australia 6017 for its general purposes absolutely and I DECLARE that a receipt from the Director, Chief Financial Officer or other proper officer for the time being of the beneficiary will be a sufficient discharge to my Executors in respect of the gift.”

For a Specific Bequest

A specific bequest is a gift of a specific item of value.

“I GIVE my ............ to Silver Chain Group Limited of 6 Sundercombe Street, Osborne Park, Western Australia 6017 for its general purposes and I DECLARE that a receipt from the Director, Chief Financial Officer or other proper officer for the time being of the beneficiary will be sufficient discharge to my Executors in respect of the gift.”

We recommend you seek advice when making or updating your Will. 

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