Types of gifts in Wills

It is important to consider the type of legacy you choose to leave Peter Mac. The main types of gifts you can make in your Will are:

Residual legacy

A residual legacy is a portion of your estate, or the balance remaining after loved ones and expenses are provided for.

A residual legacy is the best type of gift because it maintains the relative value of your gift and automatically adjusts to changes in the value of your estate. This is the legacy type we ask our supporters to consider because it should not decrease in value over time.

Specific amount of money

This type of gift is sometimes called a pecuniary legacy. A pecuniary legacy allows you to nominate a specific amount of money.

Specific items of value

Anything of value, such as property, shares, jewellery or works of art, may be specifically named in your Will and given directly to Peter Mac.

Indicating how your gift should be invested

Most people indicate in their Wills that Peter Mac should distribute the funds towards research or other areas of greatest need. 

Please seek legal advice

We recommend that you seek the advice of an independent solicitor or qualified legal advisor before making or revising your Will. You should also seek qualified advice before choosing executors to administer your estate.

Contact us for more information

For more information or to speak to someone about your intentions, please contact our Gifts in Wills team on (03) 8559 7777 or email [email protected]

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