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Bequests
Table of Contents
- The Work of Diabetes ACT Ltd
- Why make a Bequest to Diabetes ACT Ltd
- How to make a Bequest
- What kind of Bequest?
- Suggested wording for your Will & Testament
- Legal information
- Please let us know
- Making a Bequest - Information Sheet
The Work of Diabetes ACT Ltd
Diabetes ACT offers the following services for people living with diabetes.
- Diabetes education, information and advice;
- Health promotion within the community;
- Administration of the Federal Government’s National Diabetes Services Scheme;
- Provision of an outlet to purchase NDSS and other diabetes related products;
- Lobbying government and decision-makers;
- Blood glucose meter servicing;
- Running education seminars for people living with diabetes; and
- Fundraising for diabetes education, awareness and research programs.
Why make a Bequest to Diabetes ACT Ltd
Diabetes ACT is a not-for-profit organisation. Our purpose is to support all people affected by diabetes. Diabetes ACT also contributes to research in order to find a cure for diabetes and to improve management of the condition.
There are over 1.5 million people in Australia that have diabetes with approximately the same amount of people again that have diabetes but do not yet know it. There are approximately 13,000 persons diagnosed with diabetes in the ACT and surrounding areas alone which equates to approximately 100 people being diagnosed every month.
Through the work of Diabetes ACT, our community has come to understand much more about the different types of diabetes and how to reduce the risk of type 2 diabetes.
So a bequest left to Diabetes ACT really is a lasting gift that will have a major impact on the lives of people living with diabetes their families and others in our community.
In making your consideration, you should also know that Diabetes ACT is a complying charitable organisation, registered for charitable gift purposes. We are a small but dynamic organisation with a sound reputation, and we recognised for our work in the area of health services and helping to reduce the rick of type 2 diabetes.
How to make a Bequest
A bequest enables you to provide for family and friends, and at the same time make a lasting gift to the cause that is important to you.
To make a bequest, you must have a clearly written and up-to-date Will. A Will must comply with certain legal requirements, so we advise you to consult a solicitor.
Once you have decided to include Diabetes ACT in your estate planning, you will need to give some consideration to the type of bequest you will make. There are a number you can consider.
What kind of Bequest?
Residual bequest
A residual bequest is one where you provide for your family and friends first and leave what is left – the residue - to Diabetes ACT Ltd As your estate increases in value, so does your bequest. You won’t need to remake your Will to compensate, for example, for the effects of inflation.
Property, insurance, shares
Diabetes ACT is able to accept all forms of property and shares and can be the sole beneficiary of a life insurance policy. Some people also choose to leave a specific item, such as a painting or valuables.
Contingency Bequest
Establishing a trust in your Will allows 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 can then be passed on to Diabetes ACT Ltd.
Specific Sum
A specific cash sum is a common form of bequest but does allow for inflation. Should you leave a cash sum to Diabetes ACT Ltd, you may like to regularly review your Will.
If you wish to leave a gift to Diabetes ACT in your will, the following wording should be used:
“I bequeath to Diabetes ACT Ltd ( ABN 41 671 989 072) located at 27 Mulley Street, Holder ACT 2611 ( a specified sum, or specified items, or the residue of my estate), free of all duties. The receipt of the Secretary or other authorised office shall be a complete and sufficient for the executor(s)”
Legal information
For your bequest to be valid you must use our organisation’s full name, that is, Diabetes ACT LTD. Diabetes ACT LTD is registered in the ACT and is eligible to receive tax deductable donations.
This information is for guidance only and should not be relied on as professional legal advise. It is important that you contact a solicitor. Any gift of property should be reviewed with your adviser as part of the overall planning of your affairs.
Please let us know
It is one of the most important moments for Diabetes ACT Ltd to hear that a caring supporter has left a bequest for the future. By advising Diabetes ACT of your bequest, you will help our long term planning and, more importantly, enable us to express our appreciation to you.
Please let us know when you have left a bequest to Diabetes ACT. Alternatively, you may ask your solicitor to inform us on your behalf. Your confidentiality will be respected.
Making a Bequest - Information Sheet
Click here
Your bequest to Diabetes ACT will make a difference, no matter how small.
Thank you for considering Diabetes ACT.
