How to make a Will It is necessary for Wills to comply with a number of legal requirements. It is therefore advisable that you consult a solicitor or the Office of the Public Trust. If you don’t leave a Will, your estate will be allocated according to state laws and if there is no Next of Kin, your estate will go to the government. Naming AMCS as a beneficiary To be sure your gift will reach AMCS please be sure to use our full name and ABN: Australian Marine Conservation Society Incorporated, ABN # 53 409 718 351 Wording suggestions Your solicitor will recommend appropriate wording. If necessary, ask your solicitor to contact us to discuss your wishes. Following are some examples of legally acceptable wording that can be included in your Will. For residual gift: “I give the rest and residue of my estate… For a percentage of your estate: “I give a __________ % of my estate… To donate a specific sum: “I give the sum of $_________…to the AUSTRALIAN MARINE CONSERVATION SOCIETY INCORPORATED (ABN # 53 409 718 351) for its general purposes free of all duties and taxes payable upon or in consequence of my death, and the official receipt of the Treasurer or other authorised person shall be a complete and sufficient discharge for the Executor.” Updating your Will A Will is an important and telling document and provides you with an opportunity to reflect on your life and your values. Your Will should therefore be reviewed on a regular basis, particularly when major changes have occurred in your life such as marriage, death of a loved one or a change to the Executor of your Will. Different financial circumstances or changes in the needs of family members may also need to be taken into consideration. Choosing your executor Your executor will oversee the execution of your will. This person needs to be willing, trustworthy, reliable and likely to survive you. You should discuss your wishes in depth with your executor once your will is confirmed (and when any changes are made) to ensure that they are clearly understood and to avoid any misconstrued intentions. 11
RkJQdWJsaXNoZXIy MTI3ODI1