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How to leave a gift in your Will
Having a valid Will is the only way to be sure that your wishes will be met. When creating your Will, firstly provide for family and friends, and then consider whether you can also include a gift to Palliative Care South Australia Inc.
Your gift can take a variety of forms:
- Residuary – the remainder of an estate after specific gifts have been disbursed
- Percentage – a percentage of either the residue or the entire estate
- Pecuniary – a specific gift of cash
- A specific asset – real estate, shares, bonds or other particular items of value
Residuary and Percentage are the most beneficial forms of bequest as they hold their value over time.
Simply give the following wording to your Solicitor to include in your Will or as a Codicil to your Will once you have decided what kind of gift you would like to include:
“I bequeath to Palliative Care South Australia Inc, ABN 66 185 542 917, to promote and the provision of palliative care in South Australia, (the residue of my estate) or the sum of (a specified sum), or my (specified items), free of all duties and taxes including, if any Capital Gains Tax (CGT), and the receipt of the Secretary or other authorised officer for the time being shall be a complete and sufficient discharge for the executor(s).”