Suggested wording for your Will
Below is an example of the wording for leaving a gift in your Will
I _____________ (insert your legal name) give and bequeath to the Institute for Respiratory Health (Inc) of QEII Medical Centre, Level 2, 6 Verdun Street, Nedlands, WA 6009 (ABN 78 098 197 636) for the use and purposes of the said Institute __________________________ (select one from the list below), free of all taxes and estate duties. I direct that the receipt of the Treasurer or a Proper Officer of the Institute authorised to act on his/her behalf shall be sufficient discharge to my executors.
- The residue or % of the residue of my estate
- A % of my estate
- A sum of $
The main ways in which people choose to leave a gift can include:
- Residual bequest: Residual bequest is simply a gift or whatever is left of your estate or a percentage after all your other gifts, taxes and debts have been fulfilled.
- Pecuniary bequest: Pecuniary bequest refers to leaving a gift of a set dollar amount determined by you at the time of drawing up or altering your Will.
- Specific bequest: This is leaving a gift of an item of value, to be passed on to the Institute for Respiratory Health in order to generate funds.
Legal Name: Institute for Respiratory Health
Address: QEII Medical Centre, Level 2, 6 Verdun Street, Nedlands, Western Australia 6009
ABN Number: 78 098 197 636