You can specify any amount or percentage of your estate that you feel comfortable gifting to ACF as a bequest, after having provided for your family and loved ones. A bequest doesn’t impact your wealth during your lifetime and only takes effect when administering your estate. Every gift, of any size, will make a difference to the impact of our work.
We have outlined below some of the ways you can leave a gift, however we recommend that you seek independent professional legal advice when finalising the wording in your will. We also suggest talking through your intentions with your family and loved ones.
To speak with us personally, please contact our Bequest Officer, Johanna Rosenthal on 03 9345 1120 or [email protected].
A residual gift allows you to provide for your family and friends first before leaving the remainder of your estate to ACF. The value of a residual gift is determined after loved ones have been provided for and all expenses and claims have been paid. As your estate increases in value, so does your gift to ACF. Inflation will not diminish the value of a residual gift.
You can divide your estate amongst a number of people and/or organisations. Your gift to ACF can be a percentage or proportion of the whole of your estate, or of what is left over (the residue) after individual gifts have been made.
If you feel undecided about leaving a bequest in your will to ACF because you are unsure how much money will be available in the future, a residuary gift or nominated percentage can overcome this hurdle. There is no need to nominate a specific value for your gift.
You can leave a specific asset such as property or shares to ACF. Gifts of shares and other property do not attract GST for ACF or the estate. ACF can also be the beneficiary of a life insurance policy or superannuation fund.
Establishing a trust in your will allows a spouse or other nominated person to use your property and to receive income derived from your estate during their lifetime, after which time the property can pass to ACF.
You can leave a specific cash sum of your choosing to ACF. Any amount, regardless of its size is integral to funding the work that we do. If you decide to leave a specific amount, plase note that in the time between making your will and when the sum is received by ACF, the value of the gift can be diminished by inflation, or not have grown in value in the same way as a percentage or residual of your estate.
If you would like to talk to us about specific will wording, please contact our Bequest Officer, Johanna Rosenthal on 03 9345 1120 or [email protected].