A bequest is simply a gift of money or property left to a person or organisation after your death.
A specific sum of money
This is the simplest form of a bequest but makes no allowance for the effects of inflation or any changes in the value of your estate. If you choose this option, you need to review your will regularly to ensure the bequest remains relevant.
Valuable items such as real estate, motor vehicles, antiques, artworks, jewellery, etc. may be bequeathed to an organisation such as the AKB.
A percentage of your estate
This ensures a fair distribution among all the beneficiaries, regardless of any influencing changes.
The residue of your estate
Whatever is left over after all taxes, liabilities and other bequests have been paid is known as the residue. You can bequeath the whole of the residue, or a percentage of it.
A life insurance policy
An existing policy, taken out years ago to safeguard a young family and no longer needed, can be ceded to AKB. Or you can take out a new policy naming us as the beneficiary.