Types of Gifts in Wills
Gifts in Wills are property or assets given to an individual or organisation in your Will. We understand that choosing to leave a gift in your Will is a very personal decision. It is important to let your loved ones know your reasons for wishing to leave a gift to Catherine Hamlin Fistula Foundation. Here are four main options:
- The residue: Whatever is left in your estate after you have taken care of your loved ones. This is one of the most common ways to leave a charitable gift in a Will.
- A percentage of the residue or the entire estate. It’s a flexible way to give as there’s no need to adjust the value of your gift to account for inflation or changes to your total assets.
- A fixed amount: Simply specify a fixed $ amount.
- A specific asset: For example, real estate, shares, bonds or other items of value such as works of art or jewellery.
Suggested wording for your Will
Simply ask your solicitor to include the following wording in your Will or as a Codicil to your Will.
I give to Catherine Hamlin Fistula Foundation (ABN 58 159 647 499), to be used to support Hamlin Fistula Ethiopia: (choose one)
- All of my residuary estate or
- ____ percentage of my residuary estate or
- The sum of $____ or
- List asset or assets
I declare that the receipt of the Company Secretary or other authorised officer shall be a complete and sufficient discharge for my executor(s).
Bequests help to ensure that future generations of Ethiopian women and girls who suffer the debilitating effects of obstetric fistula will receive the treatment they need. Thank you for considering Catherine Hamlin Fistula Foundation in your Will.”
– Dr Catherine Hamlin
Frequently Asked Questions
I previously nominated Hamlin Fistula Ethiopia (Australia) as a beneficiary in my Will. Do I need to take any action to change this in my Will?
No. There is no need to update your Will. Bequests made to Hamlin Fistula Ethiopia (Australia) are received by Catherine Hamlin Fistula Foundation and remitted to Hamlin Fistula Ethiopia.
Should I notify you if I have named Catherine Hamlin Fistula Foundation, Hamlin Fistula Ethiopia or Hamlin Fistula Ethiopia (Australia) as a beneficiary in my Will?
We would love to know if you have named Catherine Hamlin Fistula Foundation or Hamlin Fistula Ethiopia (Australia) in your Will so we can thank you, record your planned gift and ensure you receive regular updates about the programs your gift will support.
Can I choose to direct my gift only to Hamlin Fistula Ethiopia?
Yes. You can leave this instruction in your Will and we will ensure your wishes are followed. All gifts in Wills made or notified prior to 31 December 2017 are automatically restricted for Hamlin Fistula Ethiopia.
Where can I find more information about leaving a gift in my Will?
Please contact Helen Wilson on 02 9440 7001 or [email protected] for a confidential chat.
Is a gift in my Will tax deductible?
Yes, provided you are voluntarily transferring money or property without receiving, or expecting to receive, any material benefit or advantage in return.
How can I be sure my privacy is protected?