STEPS TO LEAVE A BEQUEST TO THE PERKINS

People who have committed to leave a gift in their Will to Perkins are vital to funding many of the breakthroughs that our researchers here in WA are making now.

A gift in your Will, no matter what the amount, can make a significant difference to the advancement of life- saving medical research here in WA.

If you don’t have a Will at the moment, you can easily include a bequest when you write a new Will. We would advise you see a solicitor when you do this, to ensure your wishes will be fulfilled, exactly the way you intend.

If you already have a Will but would like to leave a gift to Harry Perkins Institute of Medical Research you can do so by either revisiting your solicitor, or making a simple addition to your existing Will. This is called a codicil.

There are a number of ways you can leave a gift to Perkins depending on your circumstances.

Residuary Bequest: This is the most efficient way to support the Perkins. A residuary gift is what remains in your estate after you have made provisions for your loved ones and expenses have been met. Even a small percentage can go a long way. As this type of gift will rise with inflation it means your bequest will achieve as much in our research projects in the future, as you would like it to now.

Percentage Gift: Leaving a percentage of your estate allows you to decide what proportion of your total estate you would like to give to Perkins. A percentage gift will also keep up with inflation.

Pecuniary Bequest or Specific Sum: A pecuniary gift is a specific dollar value set at the time you make your Will. The value of pecuniary gift will decrease over time, as inflation and the cost of living increases over time.

Specific gift: A specific bequest is a gift of a specific item of value i.e. a painting or a property.

Below is some suggested wording that you may choose to include in your Will, and some legal information about our organisation that will be of use to you and your solicitor.

We suggest the following wording be used in the drafting of a Will.
The wording must specify Harry Perkins Institute of Medical Research Inc.

“I ____ give and bequeath to the Harry Perkins Institute of Medical Research, of 6 Verdun St, NEDLANDS, WA, 6009 (ABN 16 823 190 402) for the use and purposes of the said Institute: (select one from the list below)

1. the residue (or % of the residue) of my estate
2. a % of my estate
3. a sum of $__________________

free of all taxes and estate duties. I direct that the receipt of the Treasurer or a Proper Officer of the Institute authorised to act on his/her behalf shall be sufficient discharge to my executors.”

It’s is important to talk to family and loved ones about your Will, to ensure they understand your wishes and that they are carried out as you had intended. We’d recommend letting your family know that leaving a gift to Perkins is important to you and advise any executors and guardians of your wishes also.

We also suggest that you let us know once you have left a gift in your Will to Perkins. Knowing when someone has chosen to support us in this particular way helps us to plan more confidently for the future, and have the opportunity to thank you personally for your wonderful support of life-saving medical research here in WA at the Perkins.