Bequests: Leave A Gift In Your Will

There are four types of gifts you can choose to leave in your Will:

1. Residual: the most common choice. This is what’s left in your estate after you’ve allocated amounts of money and specific items to your loved ones. It’s usually a small percentage of what’s leftover, but can make a huge impact to Kidney Health Australia.
2. Specific: a predetermined sum of money, a property, shares, or any other items of value that you nominate. It’s important to remember that inflation will affect any sum of money you choose to leave.
3. Percentage: involves leaving a percentage of the total amount of your entire estate, without having to identify specific items of value.
4. Trust: naming Kidney Health Australia as a beneficiary, so that we will receive ongoing support from your Will.

To include a gift to Kidney Health Australia in your Will, we recommended you use the Will Wording below. That way, your gift to Kidney Health Australia will be directed exactly as you had intended.

I give to The Australian Kidney Foundation ABN 37 008 464 426 (here state the money or assets to be gifted or the residual estate) for its charitable purposes but if this gift cannot take effect, to the charitable organisation in Australia which my Executors consider most nearly fulfils the objects I intend to benefit.

The receipt of the Chief Executive Officer or the President for the time being of the beneficiary named in or selected by my Executors under the preceding sub-clause shall be an absolute discharge to my executors.

If you already have a Will and would like to change it to include a Bequest to Kidney Health Australia, the easiest way to do this is to add a Codicil – a short legal amendment – to your Will.

This can be organised through your solicitor. You’ll need to call or email them, visit their office once to make the amendment, and then visit them again to finalise the amendment and sign the Codicil.

If you’re considering leaving a gift to Kidney Health Australia in your Will, please let us know. We appreciate knowing of your kind intentions so we can thank you appropriately for your generosity, share with you our work, and invite you to special events.

Please get in contact with us to let us know.