Are you helping a friend, family member or client include a gift for Oxfam in their Will?
Thank you for helping to make a Will that includes a bequest to Oxfam Australia. Please refer to our suggested wording or you can download our Will guide and Oxfam for further information.
To make sure that your loved one or client’s gift reaches us, please:
A Will gives you the power to choose how your assets can benefit your loved ones and adding a bequest to Oxfam ensures you leave a legacy that benefits people all around the world. When preparing a will we recommend you consult a legal advisor to ensure your Will is valid, and sets out the way you want your estate to be distributed.
- Use our correct registered name: Oxfam Australia;
- include our ABN: 18 055 208 636
A Will gives you the power to choose how your assets can benefit your loved ones and adding a bequest to Oxfam ensures you leave a legacy that benefits people all around the world. When preparing a will we recommend you consult a legal advisor to ensure your Will is valid, and sets out the way you want your estate to be distributed.
Choosing an Executor of a Will
Choosing the executor of your Will is an important job requiring careful consideration. This is the person who makes sure that your wishes are carried out and holds the responsibility of collecting your assets, paying any debts and ensuring that your estate is distributed correctly.
If you’re an executor or solicitor helping a client include a gift for Oxfam in their Will, you can read more here.
If you’re an executor or solicitor helping a client include a gift for Oxfam in their Will, you can read more here.
What does an executor do?
When you choose an executor for your Will, the person is expected to:
- Contact the beneficiaries in the Will and notify them of their entitlements
- Value the estate and then keep records of the valuations
- Make financial decisions based on the assets and money in your estate
- Organise the payment of any debts
- Liaise with the Australian Tax Office (ATO) and complete any income tax returns
- Divide the estate, and supply relevant documentation to all beneficiaries.
What does an executor do?
Choosing who will be the executor of your Will is an important decision. Although anyone deemed to be sound of mind and over 18 can be appointed as an executor, there are a number of factors you need to consider before making your decision.
Things to think about include:
Things to think about include:
- Will the person have to deal with any likely disputes and if so, will they be able to handle that stress?
- Does the person have the right skill-sets for dealing with potentially complex financial, family and legal affairs?
- Will your executor also be a beneficiary of your Will, resulting in perceived or real conflicts of interests with other family members or friends?
Choosing an Executor of a Will
Thank you for making sure that a bequest to Oxfam Australia is properly administered. You will need to send us the following information:
- a cover note that includes your contact details, and the full name and last known address of the deceased person;
- a copy of the final Will and any codicils;
- and a statement of estate accounts.