Three Easy Steps to Gift in Your Will
Leaving a gift in your Will is the biggest way you can help to reduce the impact of cancer in Tasmania. The process is easy, and will make a world of difference to our vision for a cancer free future:
If you do not have a will, then the first thing you need to do is obtain independent legal advice on creating one. If you do not have a solicitor, simply contact the Public Trustee in your state.
If you do have a will, then all you need to do is add a codicil – a short legal amendment to your existing Will. There are a number of ways to leave a bequest, however the easiest way is to leave a residual bequest. A residual bequest is a gift of the remainder of your estate, or a percentage of the remainder of your estate, after your family, friends and beneficiaries have been taken care of. It is a wonderful way to ensure we receive the most help possible, while ensuring your loved ones are provided for in the manner you would wish. Alternatively, you can leave a specific amount or item, such as a house, shares or land. Other ways include leaving a percentage or specified amount of your entire estate (after all debts and expenses have been paid). Leaving a specific amount can sometimes be more complicated, as inflation or other changes in your circumstances might require you in future to recalculate the value of your estate and the amount you choose to bequeath.
It is also possible to specify how your bequest is spent. Many of our supporters have been personally touched by cancer and sometimes wish their bequest to be invested in an area of personal interest. Our work is vast and varies and we are often required to respond to changes in knowledge, practice or treatments. Therefore the greater flexibility we have to invest your gift, the better our chances are of improving cancer control and reducing cancer incidence and mortality for future generations.