The following wording may help you and your solicitor include MS Plus Ltd in your Will.
Residual gift wording
Use this language to gift the remainder of your estate after other bequests, debts, and taxes have been fulfilled:
“I give the remainder of my estate to MS Plus Ltd (ABN 66 004 942 287) for its general purposes and I declare that the receipt of the Secretary or other proper officer shall be an absolute discharge to my trustee who shall not be bound to see the application of this gift.”
Specific gift wording
Use this language if you intend to make an unrestricted gift in Will of cash, securities, or other property by designating a specific dollar amount, a particular asset, or a fixed percentage of your estate to MS Plus Ltd to be used for general purposes:
“I give the sum of $______ (or percentage or a description of the specific asset) to MS Plus Ltd (ABN 66 004 942 287), for its general purposes and I declare that the receipt of the Secretary or other proper officer shall be an absolute discharge to my trustee who shall not be bound to see the application of this gift.”
Family first gift wording
Use this language if you wish to make a family first (contingency) gift. Then MS Plus Ltd will receive a portion of your estate if your named beneficiary does not survive you:
“In the event that [insert name] does not survive me, I give the sum of $______ (or percentage or a description of the specific asset) to MS Plus Ltd (ABN 66 004 942 287), for its general purposes and I declare that the receipt of the Secretary or other proper officer shall be an absolute discharge to my trustee who shall not be bound to see the application of this gift.”
Life interest gift wording
Use this language if you wish to make a Life Interest gift. MS Plus Ltd will receive the title in the real estate property when your spouse or loved one using it passes away.
“I give my interest in the or freehold possession known as [#ADDRESS] unto [#Insert spouse/ partner/children’s name] for [his/her/their] life, [she/he/they] paying all taxes and other outgoings and keeping the same in good repair and insured against all reasonable risks to the full value thereof as my Trustees shall approve and from and after the death of the said [#Insert spouse/partner/children’s name] I give the same unto MS Plus Ltd (ABN 66 004 942 287) absolutely for its general purposes and I declare that the receipt of the Secretary or other proper officer shall be an absolute discharge to my trustee who shall not be bound to see the application of this gift.”
Your Giving Toolkit
Sample Language for Your Will or Trust
Sample Beneficiary Nomination
For Solicitors and Advisors
We're here to help
Laura Henschke
Future Planning Manager
Rebecca Stalenberg
Gifts in Will Manager