Many thanks for considering making a bequest to the camp. The following information should help you in your deliberations.
There are a number of types of bequest you will need to consider:
A residual bequest enables you to provide for your family and friends first, with the residue left to The Portsea Camp. Over the years this amount will alter with inflation but you will not need to remake your Will.
Life insurance, property, shares
It is possible to leave The Portsea Camp property or shares or indeed to make The Portsea Camp the beneficiary of a life insurance policy.
You may want to ensure that your Will provides for family members or friends to benefit from your estate during their lifetime. By establishing a trust in your Will your property and income derived from your estate can be used by this person or persons during their lifetime. After their death, the capital and interest can then be passed on to The Portsea Camp.
Specific cash sums can be left to The Portsea Camp.
How to make a bequest
Firstly, you need to have an up-to-date, clearly written Will that complies with the necessary legal requirements. We therefore advise that you consult a solicitor.
When having a solicitor draw up your Will, consider the size and kind of bequest you would like to make.
In an existing Will a clause containing the following words can be used:
“I GIVE (put in the details of the bequest here) free from all debts (secured and unsecured) and all duties (whether federal or state) payable in respect of my estate to The Portsea Camp (ACN: 67 004 456 222) of 3704 Point Nepean Rd, Portsea, Victoria 3944 and I DECLARE that a receipt of the Secretary or Treasurer for the time being of the said The Portsea Camp shall be a full and sufficient discharge of this bequest to my executor(s).”
If you already have a Will you can add a codicil as a supplement. As with your Will, codicils must comply with the same legal requirements as the Will.
The information above is for your guidance only and should not be relied on as legal advice. Please contact and discuss matters relating to your Will and a bequest to The Portsea Camp with your solicitor.
Please let us know
We understand that making your Will is a very personal matter. But if you have already included The Portsea Camp in your Will, or are considering doing so, it is a great help if you let us know. We would like to thank you personally, and this provides the opportunity for you to discuss your wishes with us.
All bequest information passed on to The Portsea Camp is held in the utmost confidence.
Legal Status of The Portsea Camp
The Portsea Camp is endorsed by the Australian Taxation Office as an income tax exempt charity and as a deductible gift recipient. All donations over $2 are tax deductible.