Essential guide to remembering The Alfred in your Will

Essential Guide to remembering The Alfred in your Will

Always Yours, Always Alfred

Your Will is much more than just a legal document. It gives you peace of mind, knowing that your loved ones will be provided for and your final wishes fulfilled, exactly as you want.

It is also an expression of your values, beliefs and what matters to you most. By including a gift to The Alfred in your Will, you’ll be leaving a wonderful legacy of lifesaving care, compassion and innovation to future generations. Thank you.

Five simple steps for remembering The Alfred in your Will 1

Talk to your solicitor

The easiest way to go about including a gift in your Will is to seek the advice of a solicitor. You may also consider using an online Will service.

Use this guide to record your wishes. Hand it to your adviser when you next visit them and let them know you would like to name The Alfred as a beneficiary in your Will. They can explore your preferences and make sure your generous wishes are properly carried out.

2

Decide on the type of gift you would like to leave

There is a range of ways you can choose to support The Alfred through a gift in your Will. For example, you might want to leave a specific gift of money, property, or shares, or you might like to establish a fund to donate in perpetuity.

Here is sample wording for the most common types of gift. Your solicitor or legal adviser can help you to adapt this wording to reflect your wishes.

OPTION 1: RESIDUAL This gives the remainder of your Estate after first leaving gifts to your loved ones.

“I give, devise and bequeath, free of all duties and taxes, the residue of my entire estate to The Alfred (ABN 27 318 956 319) of 55 Commercial Road, Melbourne Victoria 3004, to be used for its general purposes, allowing The Alfred to use it wherever it is needed at the time it is received. The official receipt from The Alfred shall be sufficient discharge to my executor who shall not be bound to see its application.”

OPTION 2: PERCENTAGE If you are considering more than one beneficiary, you may choose to give a percentage or a fraction of your Estate. This allows for the changing value of your Estate which can occur over time.

“I give, devise and bequeath, free of all duties and taxes, ______________________ % [the desired percentage] of my entire estate to The Alfred (ABN 27 318 956 319) of 55 Commercial Road, Melbourne Victoria 3004 to be used for its general purposes, allowing The Alfred to use it wherever it is needed at the time it is received. The official receipt from The Alfred shall be sufficient discharge to my executor who shall not be bound to see its application.”

If you or your solicitor need any further guidance about including a gift to The Alfred in your Will, please contact The Alfred’s Gifts in Wills Team on (03) 9076 3222 or email giftinwill@alfred.org.au

3

Also consider how you would like your gift to be used

Due to the ever-changing needs of the hospital, general purpose gifts are preferred, wherever possible. If you wish to direct your gift towards general purposes, no further amendment is required. To direct your gift towards a specific area of work, refer to the sample wording below.

We recommend you discuss your choice of gift with The Alfred's Gifts in Wills Team and your solicitor or legal adviser. That way we can all be sure that your final wishes can be honoured. “...to be used ideally for the purpose of ________________________________________ [add a brief description of the medical area or department]. However, if this ceases to exist or does not require ongoing funding at the time my gift is received, then it is to be used for general purposes for treatment and patient care at The Alfred.”

4

Talk to your family and loved ones

We recommend that you take some time to talk through your intentions with your family and loved ones, to ensure they fully understand your final wishes.

5

Keep your Will safe and secure

File your Will somewhere safe but easily accessible for your loved ones if they need to access it at a later date. Leaving a copy with a solicitor or trusted professional is also a good idea.

Remember to update your Will every few years to reflect your circumstances.

UPDATING YOUR WILL If you've already made a Will and wish to update it or make minor changes, you may be able to add a Codicil - an addition to your existing Will. If it's a large change, you'll likely be required to write a new Will.

For further advice, speak with your legal adviser or get in touch with The Alfred's Gifts in Wills Team.

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What better gift, than the gift of life?

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Thank you for thinking about remembering The Alfred in your Will.

This is a wonderful way to support a cause you feel deeply about with a gift that endures beyond your lifetime.

Throughout The Alfred’s history, legacy gifts from thoughtful people like you have helped the hospital to achieve lifesaving medical breakthroughs and deliver extraordinary patient care.

We encourage you to get in touch with us so that we can share with you how your future gift will help to make a make a difference.

Please call us on (03) 9076 3222 for a confidential chat or to arrange a personal visit.

Warm regards, Feygl Cylich and Sue Mason Gifts in Wills Team

Thank you for thinking about supporting the future work of The Alfred by including a gift to the hospital in your Will.

Your thoughtfulness today means that The Alfred can continue to be here for when people need us most.

GUIDEFEB23

Always Alfred