How to leave a bequest

Share
Share

How do you start your bequest?

1. Decide on a giving level that's suitable to you

After considering the needs of your family and loved ones, you can make a bequest of the remaining assets to Monash. Alternatively, you can make a specific bequest, which could include a set amount of money, a portion of your estate or valuable collections you’d like to donate.

2. Consider your interests

Are you interested in music, art or science? Perhaps you would like to support a certain research area or community group. When you leave a planned gift to Monash, you can specify how you would like your funds to be used, or let the University allocate the funds on your behalf.

3. Prepare your will

It’s simple. You can include a bequest to Monash when you write your will. If you already have a will, you can add a codicil (a legal provision) to include the bequest. For assistance on will writing and amendment, we recommend that you consult a solicitor, a trustee or accredited wills and estate specialist.

Here is an example of the type of language you can use:

“I bequeath Monash University of Clayton, Victoria 3800, ABN 12 377 614 012, the sum of ______________ dollars {or the percentage of the residual estate}, to be applied for the purposes of ______________ (or) by Monash University in such a manner as its Directors may determine.

I direct that the receipt in writing of an authorised officer of Monash University shall be deemed proof of payment.”

For more information, please contact our bequest team. We would love to talk you through your gift intention so that we are able to honour your wishes for years to come.