Knowledge > Leave a bequest > Leaving A Bequest To EW Tipping Foundation
Leaving a Bequest to EW Tipping Foundation
Leaving a bequest or legacy to the EW Tipping Foundation in your Will is an excellent way of making a significant contribution.
Making a Will is also an important personal step for every individual – it means that your final wishes can be carried out, without any need for intervention from authorities. A Will helps give peace of mind to your friends and relatives, who then have clear instructions on what to do with your estate.
- What is a bequest?
- How can I leave something to charity and look after my family at the same time?
- How do I go about making a Will?
- How do I include a bequest to the EW Tipping Foundation in my Will?
If you have any queries about leaving a bequest to the EW Tipping Foundation, please contact us on (03) 9564 1000.
What is a bequest?
A bequest is when you make a gift of personal property, such as cash, real estate, a car, shares etc, to a named person or organisation in your Will.
There are different types of bequests – you can leave something specific (such as a house), you can leave a proportion or percentage of your estate, or you can leave the residual of your estate after giving specific gifts to individuals or organisations.
The Foundation welcomes bequests of any type.
How can I leave something to charity and look after my family at the same time?
The EW Tipping Foundation is an organisation primarily about people looking after people. We strongly encourage our bequestors to ensure that they look after their family first in their Will. Many people do this by leaving a proportion of their estate to the Foundation (such as 20 or 30%), and the larger proportion to their family.
We suggest you talk over your wishes with your family and with a professional such as a lawyer or trustee company before making your Will.
How do I go about making a Will?
Please use a professional when making your Will, particularly if you are planning to leave a bequest.
Wills are precise legal documents that are meant to determine the disbursement of your property in the way you wish. It may sound simple but there are many legal pitfalls. To be sure that your assets are distributed the way you wish, always seek professional help to prepare or modify your Will.
How do I include a bequest to the EW Tipping Foundation in my Will?
If you wish to include a bequest to the EW Tipping Foundation in your Will, we have the following suggested wordings:
Specific bequest
I GIVE to the EW Tipping Foundation, whose head office is at 15 Palmer Street, Oakleigh, Victoria, (insert specific item to be given) or the sum of (insert specific amount to be given) for its general purposes.
I declare that the receipt of the Chief Executive Officer of the EW Tipping Foundation is a complete discharge of this bequest.
General or Pecuniary bequest
I GIVE to the EW Tipping Foundation, whose head office is at 15 Palmer Street, Oakleigh, Victoria, the whole (or insert percentage) of my estate.
I declare that the receipt of the Chief Executive Officer of the EW Tipping Foundation is a complete discharge of this bequest.
Residual bequest
I GIVE to the EW Tipping Foundation, whose head office is at 15 Palmer Street, Oakleigh, Victoria, the residue of my estate.
I declare that the receipt of the Chief Executive Officer of the EW Tipping Foundation is a complete discharge of this bequest.
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