Leaving a legacy - how it works
There are four main types of gifts you can choose to leave to a charity.
- Residual: The remainder of your estate after considering your loved ones.
- Percentage or fractional: A gift expressed as a percentage or fraction of your estate.
- Pecuniary or specific: A specified gift which can be money, property or stocks and shares.
- Whole estate: This comprises your entire estate and is usually left by those without beneficiaries or those wanting to achieve something very significant.
You can talk to a lawyer about the type of gift that will best suit you and your estate. Remember - gifts left to charities in wills are exempt from inheritance tax and capital gains tax.
There are different ways to leave a legacy that protects heritage long after you’ve gone; including:
- Gifts of money
- Gifts of property and real estate to keep or to sell
- Gifts of historic objects and artefacts.
Gifts of money
You don’t need to have a lot of money to leave a gift in your will. Anyone can leave a gift to Heritage New Zealand and we welcome all gifts, large or small.
Money from bequests has been particularly valuable to us for maintaining and interpreting our heritage properties and for maintaining our collection of historic objects and precious items relating to our properties.
Bequest of property or real estate
Heritage New Zealand also accepts gifts of real estate and property. Gifts of property can be made at any time (before or after death) and our donee status with IRD means they won’t incur gift duty or estate duty.
We do need to ensure that resources will be available to successfully maintain, interpret and operate the property, together with any associated heritage collections, well into the future, so please contact us first to discuss a bequest of property.
Gifts of historic objects
Heritage New Zealand is interested in acquiring items that once belonged to any of the historic properties that it cares for. We may also acquire items that are directly relevant to the history illustrated by a particular property or to people associated with it.
If you would like to bequeath or donate an item associated with one of our properties, please contact us to discuss it first.
However you choose to support heritage in your will, rest assured you’ll be making a huge difference.