Gifts in Wills
A living legacy gift in your Will is a powerful way to ensure the National Heritage Listed Abbotsford Convent can be nurtured and protected into the future—and enlivened as a sanctuary for the enjoyment of generations to come.
After providing for your family and friends, you may nominate to leave an enduring legacy to the community by supporting the Abbotsford Convent in your Will. A gift in your Will is a powerful way of honouring your connection to the unique inner-urban oasis that is the Abbotsford Convent – and to be a very special part of its future.
We are happy to speak with you at any convenient time to discuss suitable approaches for making a bequest donation to the Abbotsford Convent Foundation (ACF). Please contact Ali Murphy on (03) 9415 3607 or firstname.lastname@example.org to discuss how your generosity could make a very lasting difference.
How to leave a gift in your Will
It is important to have a Will to ensure your estate is given to the people and causes that you care about. By making a Will, you have the power to choose how your assets are used. They needn’t be expensive or complicated to prepare, but legal advice will ensure your Will is clear and effective, and importantly – reflects your wishes. Reviewing your Will every few years is also important, as circumstances, such as such as marriage, sale of a property, birth of children or grandchildren, and changes to family relationships, change throughout your life.
Types of gifts
When you decide to leave a gift to the Abbotsford Convent Foundation in your Will, you have flexibility in how you can choose to include this legacy gift around other the beneficiaries in your world. Different types of gifts include:
- Residuary: The remainder of an estate after specific gifts have been disbursed.
- Percentage: A percentage of either the residue or the entire estate.
- Specific Asset: Real estate shares, bonds or other particular items of value.
- Pecuniary: A specific gift of cash.
Once you’ve decided on the type of bequest you’d like to make, ask your solicitor to draft a clause. The following words are a guide only and subject to your solicitor’s advice:
“I hereby give, free of all duties or taxes, to the Abbotsford Convent Foundation (ABN 79 492 202 447)…
[Please insert here the appropriate statement selected from the 6 options below:]
- the whole of my estate
- [insert number] percent of my estate
- the residue of my estate
- [insert number] percent of the residue of my estate
- the sum of $ [insert value of your gift]
- [insert number] of my [insert name of shares] shares
…for its general purposes. The official receipt of the organisation shall be a full and sufficient discharge to my executor.”
Updating an existing Will
If you’d like to include Abbotsford Convent Foundation in your existing Will, you may simply like to add a Codicil (an amendment to your Will). Codicils are a simple and effective way to make updates without re-writing your entire Will. You’ll need to ensure it is signed and witnessed by a solicitor or Public Trustee.
Gifts in Wills, quick information:
Legal Name: Abbotsford Convent Foundation
ABN: 79 492 202 447
Registered Address: 1 St Heliers Street, Abbotsford 3067
Please don’t hesitate to contact us at any time for a confidential discussion or advice. Simply phone Ali Murphy, Head of Development, on (03) 9415 3607 or email email@example.com