Your Will can help change people’s lives.
A Bequest is the one donation that lasts forever.
Deciding who to include in your Will is one of the most personal decisions you will ever make.
Leaving a Bequest to Epilepsy Tasmania is a most powerful and generous act. It is powerful because your bequest no matter how big or small will help transform the lives of people living with epilepsy for generations to come.
Bequest revenue goes into our Tomorrow Fund, to help ensure we can continue to provide life changing programs, high quality services and ongoing research for future generations.
The Tomorrow Fund preserves bequeathed capital into perpetuity and releases the interest earned to ensure the ongoing provision of Tasmanian services. One million dollars is the figure we need to reach in order to be a perpetual funding charity and not vulnerable to Government policy changes.
"Our Tomorrow Fund preserves the money we are bequeathed and future-proofs our ability to help Tasmanians affected by epilepsy.
Although you won't be here to see how your Bequest is utilised, I'd like to assure you that Epilepsy Tasmania will use it wisely, prudently and in accordance with your wishes."
Epilepsy Tasmania’s CEO, Wendy Groot.
How To Word Your Will
When you choose to include Epilepsy Tasmania in your Will, it is important to use the full name of our charity EPILEPSY ASSOC OF TASMANIA INC and our ABN 18 186 427 891 and the following words:
”I give to EPILEPSY ASSOC OF TASMANIA INC (ABN 18 186 427 891) for its general purposes
- ____% of my estate or
- the residue of my estate or
- The sum of $______________ or
- Specified items (eg, life insurance policy number, possessions, land, etc)
free of all debts, funeral and testamentary expenses, duties and taxes. I direct that the receipt of the Treasurer or other public officer for the time being of EPILEPSY ASSOC OF TASMANIA INC shall be good and sufficient discharge of this bequest to my executor(s)”.
Types of Bequests
Once you have decided to leave a Bequest to Epilepsy Tasmania in your Will, you will need to give some consideration to the type of Bequest you would like to make. There are a number you can consider:
- Percentage of your estate
You may wish to nominate a percentage of your estate to Epilepsy Tasmania. Choosing this option will ensure the amount you want to donate doesn't decrease over your lifetime due to inflation.
- Residual Bequest
Once you have provided for your family and friends, you may choose to leave the remainder to Epilepsy Tasmania. This type of Bequest means that as your estate increases in value, so does the Bequest.
- Property, shares or insurance
Epilepsy Tasmania can accept all forms of property or shares, and can be the sole beneficiary of a life insurance policy.
- Specific sum
You can also leave a specific cash amount to Epilepsy Tasmania.
- Contingency Bequest
This is a Bequest whereby you establish a trust in your Will to allow a spouse or other person to use your property and to receive all of the income derived from your estate during their lifetime. When they die, the capital and interest will be passed onto Epilepsy Tasmania.
Epilepsy Tasmania is registered as a charity in Tasmania (ABN 18 186 427 891) with offices in Hobart and Launceston. It is a public benevolent institution with charity tax concessions of:
- income-tax exemption
- Fringe Benefits Tax exemption
- endorsed as a deductible gift recipient
- Endorsed for GST concessions
We strongly recommend you seek the advice of an independent solicitor before making or changing your Will.
CEO, Wendy Groot, will be happy to speak with you about making a Bequest on (03) 6344 6881, or please email Administration Manager, Bec Wylie for a copy of our Bequest brochure: firstname.lastname@example.org
03 6344 6881
462 Wellington Street, South Launceston
ABC Building, 1 Liverpool Street, Hobart
PO BOX 1834, Launceston, Tasmania 7250