By leaving a bequest to the Olivia Newton-John Cancer & Wellness Centre, you will help make a difference to the lives of so many future generations.
By choosing to add the Olivia Newton-John Cancer & Wellness Centre as a beneficiary in your Will, you help to provide a world-class Centre with the best of medical treatment, internationally renowned research and wellness care.
The Centre will also be a valuable resource in training future generations of cancer specialists and researchers.
When revising or making a Will, we suggest you contact your solicitor to guide you through the process to ensure your wishes are fulfilled. Once you have ensured that your family and loved ones are cared for, you may like to add the Olivia Newton-John Cancer & Wellness Centre as a beneficiary.
Bequests may be a sum of money, property, shares, debentures or bonds, or a percentage, whatever size of your estate.
We invite you to become a Bequest Ambassador
By remembering the Olivia Newton-John Cancer & Wellness Centre in your Will, as a token of appreciation, you will be welcomed as a Bequest Ambassador and be presented with an Ambassador Certificate and Lapel Pin. However, if you do not wish to receive this recognition, your wishes will be respected.
Your Will
This is general information for making provision in a Will for the Olivia Newton-John Cancer & Wellness Centre.
There are a number of different ways you can make a gift in your will to the Olivia Newton-John Cancer & Wellness Centre.
The following are examples of the sort of bequests that can be made:
- A fixed percentage share of your estate. The advantages of this sort of bequest are, that if your estate diminishes over time, your other beneficiaries will not be disadvantaged by a significant fixed bequest. Similarly, a fixed amount may also depreciate over time so the value of your gift at the time when your estate is distributed may be less than you intended.
- A specific gift such as property, shares, jewellery or paintings.
- A specific sum of money.
- Your entire estate or the residue of your estate after the distribution of bequests to other beneficiaries.
Alternatively, you may wish to establish a trust or life insurance naming the Olivia Newton-John Cancer & Wellness Centre as a beneficiary.
The right wording is so important
Your solicitor will help you word your Will in a way that ensures that your Executors are able to effectively carry out your wishes. To assist you and your solicitor we have provided examples of appropriate wording, including the correct legal name should you wish to make a bequest to the Olivia Newton-John Cancer & Wellness Centre.
Suggested wording for a bequest to the Olivia Newton-John Cancer & Wellness Centre
"I give to Austin Health, to be used for the purposes of the Olivia Newton-John Cancer & Wellness Centre in the state of Victoria, a ___________ % share of my estate. The receipt of an authorized officer of Austin Health shall be an absolute discharge to my executors."
"I give to Austin Health, to be used for the purposes of the Olivia Newton-John Cancer & Wellness Centre in the state of Victoria, the real property comprising ________________/the personal property comprising ____________ The receipt of an authorized officer of Austin Health shall be an absolute discharge to my executors."
"I give to Austin Health, to be used for the purposes of the Olivia Newton-John Cancer & Wellness Centre in the state of Victoria, the sum of $____________. The receipt of an authorized officer of Austin Health shall be an absolute discharge to my executors."
"I give to Austin Health, to be used for the purposes of the Olivia Newton-John Cancer & Wellness Centre in the state of Victoria, the sum residue of my estate. The receipt of an authorized officer of Austin Health shall be an absolute discharge to my executors."
The law provides strict rules on how Wills are to be written and interpreted. These rules may vary from time to time and may depend upon where you live or the location of your property. There are also rules regarding the making of provisions for dependents and family members. Therefore, it is important that you seek advice from your solicitor in preparing your Will.
Problems of interpretation and doubts about your intentions may occur if the language used is vague or unclear. This may mean that the person or organisation that you intended to receive the bequest will be unable to benefit from your generosity. Confusion may also arise when a bequest is left to an organisation such as ours but the correct name of the organisation is not used.
Should you have any further queries or need any further information please don't hesitate to contact us for a confidential discussion.
Bequest and Tribute Gifts Manager
Phone: (+ 61 3) 9496 5361
Email: bequests@austin.org.au
With a gift in your Will to the Olivia Newton-John Cancer & Wellness Centre Appeal, you will join others who are equally committed to leaving a legacy that will make a meaningful contribution to help turn hope into better health for people with cancer. See our Bequest Ambassadors’ Honour Board.
Austin Health follows the National Privacy Principles. Be assured your details remain confidential and we do not supply our donor details to any other organisations.
DISCLAIMER
This information and the attached wording are provided as a general guide only. It is not provided as legal advice. You are advised to obtain your own legal advice prior to making an Will to ensure that your specific circumstances are taken into account.The Olivia Newton-John Cancer & Wellness Centre shall not be responsible for any loss or damage suffered by any person arising from reliance upon the information provided in this document.