Types of Bequest

A bequest may take a number of forms. It may be a gift of a specific sum of money, the gift of a percentage of the estate, or a gift of property such as real estate, shares, or artworks.


Forms of bequests

Cash Legacy

A nominated and specific sum of money given from the value of your whole estate.

Bequest of Property / Asset

This is the gift of a specific item you may own, such as homes, flats, land, commercial properties, farms and so on; debentures, shares, or life insurance policies; or items such as works of art, collections, jewellery or furniture. Please note that any such gifts received by the Burnside Hospital Foundation will be realised and the proceeds applied to supporting the Burnside War Memorial Hospital Inc.

Proportional Bequest

A percentage of the value of your whole estate.

Residual Bequest

The remainder of your estate, after all specific legacies and gifts of property have been made. This may be given to one beneficiary, or shared in percentages between beneficiaries.

Wording your bequest

This is a standard wording that may be used for either a simple legacy or a specific bequest.

“I give ………(insert description of gift – that is, a specific amount, a specific item, or a percentage/fraction of whole estate or residual estate)……… to the Burnside Hospital Foundation Incorporated for its general purposes, and I direct that the receipt of the chief executive or other proper officer for the time being shall be a full and sufficient discharge to my trustees.”


Duties and taxes are not payable on any gifts to the Burnside Hospital Foundation, which is an Income Tax Exempt Charity, and an endorsed Deductible Gift Recipient by the Australian Taxation Office.

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