Bequests
LEAVING A BEQUEST TO VICTORIA POLICE LEGACY
Victoria Police Legacy is a charitable organization that provides a range of services to police families who have suffered the loss of a loved one. Bequests are one of the ways that members of the public can express their appreciation of the work done by police in Victoria.
If you would like information on including a bequest to Victoria Police Legacy in your Will please call us on
03 9347 5194 or download our Wills Brochure here.
WILLS AND WORDINGS
Please find below the correct wordings to use when making a Bequest to Victoria Police Legacy. Choose whichever best suits your circumstances.
“I give the rest and residue of my real and personal property whatever and where ever situated to Victoria Police Legacy for its general purpose, free of all death and estate duties. I declare that the receipt of the Secretary or other authorized officer of
Victoria Police Legacy will be sufficient to discharge to my Executors.”
OR
“I give the sum of………………….. or particular items listed …………………….. to Victoria Police Legacy for its general purpose, free of all death and estate duties. I declare that the receipt of the Secretary or other authorized officer of Victoria Police Legacy will be sufficient to discharge my Executors.”
OR
‘I give sum of/percentage* ………………………………………………………….. (the actual amount should be written in words and in numbers) to Victoria Police Legacy ABN 44 598 947 546 for its general purposes. I declare that the receipt of the Secretary or other authorized officer of Victoria Police Legacy will be sufficient to discharge my Executors.”
TYPES OF BEQUESTS
Residue
When you have made provision for your family and friends you may wish to leave the residue to Victoria Police Legacy.
Specific Sum
A specific bequest of money is a simple one but it can be reduced in value over the years by inflation and it remains fixed despite any increase or change in the value of your estate.
Property
A specific bequest of property is one that nominates property, works of art, stocks and shares, or insurance policies.
Proportion
The most adaptable form of a bequest is a proportion or percentage of your estate.
By using this kind of bequest you need not worry about the effects of inflation or changes in the size of your estate.
Please include the following paragraph with your choice of bequest wording in your Will.
“In the event that Victoria Police Legacy has ceased to exist or has changed its name or has amalgamated with another organisation, the gift shall not fail but my executors shall pay it to the organisation that they consider most nearly fulfils the objects that I intend to benefit.”