Making decisions about the distribution of your assets and possessions in your will is very personal but can be guided by the advice of a solicitor, estate planner or trustee.
You may be willing to make provision in your will for a gift that is a specific amount or percentage of your estate or you may decide to nominate a residuary gift which is a proportion of the remainder of the estate, once all gifts for family and friends have been distributed. Most bequest gifts received by Alzheimer’s Australia are residual.
Suggested wording for your will:
I bequeath to Alzheimer's Australia Ltd., Level 1 AMA House , 42 Macquarie Street, BARTON ACT 2600, ABN 79 625 582 771 for its general purposes the sum of $....., free of all duties and charges (or portion of estate or description of property). In making my gift I declare that the receipt of the treasurer or other proper officer shall be a sufficient discharge to my trustee; and my executors and trustees shall not be obliged to see or enquire into the application of money or assets, the subject of my legacy.
Things to consider:
- Regularly review and update your will to cater for any changes in your family or personal circumstances.
- Seek professional advice from a solicitor, trustee or estate planner to ensure your wishes are expressed to your satisfaction and will be safeguarded legally.
Please contact us for a confidential chat.