How to Leave a Bequest
In leaving a gift in your Will, you may choose to nominate a specific area of cancer research, a specific research fellowship or a student scholarship. There are also several different types of bequests you may like to consider:
- Percentage Bequest: A percentage bequest is a nominated percentage of your estate.
- Residual Bequest: The residual bequest is what remains of your estate after family and friends have been provided for.
- Specific Bequest: A specific bequest is a nominated amount or a specific gift.
A Will is one of the most important documents you will prepare as it gives you the choice to provide for the people you love and causes that are most significant to you. By including a gift to the Fiona Elsey Cancer Research Institute in your Will, you are leaving a meaningful contribution that will positively impact the work being undertaken at the Institute. If you already have a Will in place and wish to make provisions for the Institute, a simple amendment or codicil can be arranged through your solicitor. Remember to review your Will every few years as your circumstances may change.
To ensure that the correct preparation and wording of your bequest is recorded in your Will, we suggest you make an appointment with your solicitor. To make a bequest to the Fiona Elsey Cancer Research Institute, the following wording may be useful: ‘I give (insert the bequest detail – the residual, a percentage of the estate or a nominated gift or property, money or item of value) to Fiona Elsey Cancer Research Institute of Suite 23-26, 106-110 Lydiard Street South, Ballarat Vic 3350 and I declare that the receipt of the Public Officer, Chief Financial Officer or Chief Executive Officer for the time being shall be sufficient discharge to my Trustee/s for the payment of such benefit.’
Thank you for considering a gift to the Fiona Elsey Cancer Research Institute in your Will. We understand what a significant decision this can be and we sincerely appreciate your support. If you have already made a bequest to the Fiona Elsey Cancer Research Institute in your Will, we would love the opportunity to thank you personally for your wonderful generosity and to provide you with information about the work of the Fiona Elsey Cancer Research Institute in the community. Please call our team on (03) 53 313 101. Please know that any information you provide us with is simply a statement of your current intentions and is in no way legally binding and will be kept in the strictest confidence.
I would like to know more about leaving a bequest to the Fiona Elsey Cancer Research Institute
While it's important you speak to your solicitor about adding a bequest into your Will, please feel free to call us if you have any questions about leaving a bequest to the Fiona Elsey Cancer Research Institute on (03) 53 313 101