By leaving Arrow a percentage of your estate, a sum of money or other assets in your Will, you will be benefiting the lives of the many Australians who are diagnosed with leukaemia and other diseases treatable by bone marrow and stem cell therapy - perhaps even your own children, family and friends.
Some people may worry that including a charity such as Arrow in a Will might lead to the exclusion of family members, however, please remember all bequests, regardless of the size, will be gratefully received by Arrow.
It is helpful to let us know that you intend to include Arrow in your Will. Keeping us informed enables us to thank you for your gift and to keep you up to date on current research initiatives and our Patient Support Services Program. We also conduct tours of the research laboratories and would like to invite you to see first hand the research projects currently underway. Knowledge of possible bequests also enables us to plan for the future.
As you may know, your Will sets out your intentions and is a legally binding document that ensures your wishes are carried out. If you die intestate (without a valid Will) state law dictates how your estate will be distributed.
Your Will can state how the bequest must be applied by Arrow. For example, you can state that your bequest be applied to our research projects or our Patient Support Services Program or the bequest can be of a general nature and make no specifications.
We suggest talking to a solicitor or public trustee to make sure everything you need to cover is included in your Will. Most solicitors and all public trustee offices have a Will writing service. Using a solicitor will ensure that your Will is legal and valid.
If you decide to leave a bequest to Arrow, it is vital that you name Arrow correctly when you write your Will. This will avoid any confusion, or unnecessary delays in receiving your bequest. The following paragraphs set out the wording you need to use when including Arrow in your Will.
'I [your name] give, devise and bequeath [nominate your type of gift] unto the Arrow Bone Marrow Transplant Foundation for its general purposes, free of all duties, the following:
..........% of my estate or the residue
The sum of $ ............................................
Life Insurance Policy No..............................
Property situated at ...................................
(a) A General charitable intent shall apply;
(b) The receipt of the Treasurer or other Proper Officer of the Association shall be sufficient discharge to my Executor for the bequest
(c) My Executors and trustees shall not be obliged to see or to enquire into the application of money or assets, the subject of such bequest
If you already have a Will, a codicil may be used to update your Will. A codicil is an instruction which is added to your existing Will and becomes part of that Will. A codicil is a simple way to include a bequest to Arrow without having to re-write your entire Will. It is a legal document and must be signed and witnessed in the same way as your Will.
Although it is not difficult to make a codicil, we suggest you seek legal advice to help you draw it up.
Thank you again for considering leaving a bequest to Arrow. If at any time you require further information, please contact me on 02 8382 2698 or email@example.com.