Forres man William Cameron's bequest worth £637,000 finally freed up
- 6 August 2013
- From the section NE Scotland, Orkney & Shetland
A bequest made by a Moray man which is now worth more than £600,000 has finally been freed up to help the elderly after a long legal wrangle.
Retired Forres postman William Cameron died in 1982 and left £63,000 to residents of the Auchernack old people's home where he had lived.
It closed 12 years ago, and the terms of his bequest meant the money could not be used for any other purpose.
The Office of the Scottish Charity Regulator has now reached an agreement.
The value of the 89-year-old widower's bequest has fluctuated due to interest rates and share prices, and now stands at more than £637,000.
The revised terms of the bequest now allows it to be used for the benefit of the elderly community in the Forres area and for the "relief of those in need by reason of advanced age".