Episode 23: The Art of the Bequest
About this episode
Tony Skinner and Kate Varcoe discuss the complexities of making bequests to institutions.
Tony Skinner and Kate Varcoe discuss the complexities of making bequests, particularly to institutions like the Gallery of Modern Art (GOMA). Kate, a lawyer and future collective member of QAGOMA,explains the different types of bequests, including pecuniary legacies, specific assets, and residue. She emphasises the importance of clear communication with bequest officers to ensure funds are used effectively and correctly. Kate also highlights common issues, such as incorrect beneficiaries or unsuitable assets, and advises on the need for careful consideration and specialist legal advice to avoid administrative and tax complications.
More episodes of The Wills and Estates Transmission
- Episode 31: Planning the inevitable. Who steps in when you're gone?
- Episode 30: The Importance of Notaries Public
- Episode 29: Marriage Revokes Your Will
- Episode 28: Murder is not an estate planning strategy
- Episode 27: Mental Health for Lawyers
- Episode 26: Mitigating Financial Elder Abuse
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