Episode 23: The Art of the Bequest
From The Wills and Estates Transmission by de Groots Wills and Estate Lawyers
July 30, 2025 · 16 min
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.
People in this episode
Host: Tony Skinner
Guest: Kate Varcoe
Topics covered
- bequests
- legal advice
- fund management
- tax complications
- communication
Keywords
- bequest
- pecuniary legacy
- specific assets
- residue
- legal advice
Mentioned in this episode
Organizations: Gallery of Modern Art, QAGOMA
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