Bequests to the Norwood Football Club
Many people care deeply about the Norwood Football Club. It has meant many different things to many people and has been a second home to them. Since its inception in 1878 these same people have supported the club at all levels.
The Norwood Football Club does more than play games each Saturday and its work is in many parts of the community. One way that you can ensure that this work continues is to leave a bequest for the club in your will. A bequest is when you make a gift of your personal property to a person or organization as follows:
The most adaptable form of a bequest is a proportion or percentage of your estate. By using this kind of bequest you need not worry about the effects of inflation or changes in the size of your estate.
· Specific Sum
A specific bequest of money is a simple one but it can be reduced in value over the years by inflation and it remains fixed despite any increase or change in the value of your estate.
A specific bequest of property is one that nominates property, works of art, stocks and shares or insurance policies.
When you have made provision for your family you may wish to leave the residue to the Norwood Football Club.
You can also include a clause in relation to leaving an amount of money to the club.
Suggestions for suitable clauses are:
“I give devise and bequeath the residue of my estate of whatsoever kind and wheresoever situated to the Norwood Football Club, the registered office of which is 4 Woods Street, Norwood SA 5067, and I direct that the Secretary for the time being of the said Norwood Football Club, shall be a sufficient discharge to my Executor/s.”
“I give and bequeath unto the Norwood Football Club, the registered office of which is 4 Woods Street, Norwood SA 5067, the sum of ……… dollars and I direct that the receipt of the Secretary for the time being of the said Norwood Football Club, shall be a sufficient discharge to my Executor/s.”
You should discuss the various types of bequests with your solicitor who can ensure the correct clause is entered into your will.
For more information on making a valuable bequest call the Norwood Football Club on (08) 8362 6278.
Chief Executive Officer