Bequests to PBOs (of which PHS is one) may be deducted from the value of the Estate when determining estate duty. A bequest or legacy is simply a gift in your will of either money or other assets, or both. Leaving a bequest to Pinelands High could take the form of a specific bequest (i.e. a sum of money or a particular item) or a residuary bequest (i.e. the residue of your estate).

As a bequest is contained in a will we have taken the liberty of explaining the importance and process of drawing up a will, as well as explaining the different types of bequest. Find these details in the document “Drawing up a Will”.