Wills and Bequests
- How important is my Will?
- Making your hopes a reality
- What is a bequest?
- How should I word a bequest to Wesley Newcastle?
- Let us know how we can help
How important is my will?
Your Will is a legal document which allows you to choose who will receive your assets and belongings when you die. If you don't have a Will, your estate will be distributed according to government regulations. This can be costly, and can also cause unnecessary problems and anxiety for your loved ones. For your own peace of mind, and for the sake of those close to you, it is important to have an up-to-date Will which reflects your current financial situation.
Making your hopes a reality
Many of us hope we can do something to make the world a better place. Your Will is a way of making this hope a reality.
As a Parish of the Uniting Church, and a part of one of the largest charitable organisations in Australia, Wesley Newcastle makes a difference in the lives of thousands of people in need, from all ages and walks of life.
Through its extensive programs, Wesley Newcastle shows Christian compassion to the homeless, the elderly, children and families in crisis; those recovering from addictions to alcohol, gambling or drugs; the unemployed; the intellectually and physically disadvantaged; those in need of counselling; and many more.
What is a bequest?
A bequest is a specific gift of assets or belongings to a particular person or organisation through your will. There are three major types of bequests:
- A Specific Bequest is a gift of a particular piece of property such as a house, furniture or jewellery.
- A General Bequest is usually a sum of money or a percentage of the value of your estate.
- A Residual Bequest includes anything remaining in your estate after the specific and general bequests have been paid.
How should I word a bequest to Wesley Newcastle?
We suggest that you use the following wording: "I give... to the Wesley Newcastle City Mission (part of Wesley Mission – Sydney) for the general purposes thereof."Should you wish to direct the gift to a special area of Wesley Newcastle,
we recommend: "I give... to the Wesley Newcastle City Mission (part of Wesley Mission - Sydney) for the specific purpose of..." (for example, "Dalmar Child and Family Care" or "its caring services for the aged")
We also recommend that you include: "...and the receipt executed by the Uniting Church in Australia Property Trust (N.S.W.) in accordance with section 26 of the Uniting Church in Australia Act 1977 provided by the Mission shall be sufficient discharge of my Trustee and my Trustee shall not be bound to see the application of the said gift."
Let us know how we can help
If you are considering leaving a bequest to Wesley Mission and would like to discuss this, please contact Wesley Mission and ask for the Bequest Manager. If you do decide to leave a bequest to Wesley Mission please let us know. We would like to be able to thank you personally and give you the opportunity to find out more about the work your bequest will go toward supporting.
For more information, please contact us on (02) 9263 5555 or email our Deferred Giving department.
