Information for solicitors and executors

Information for solicitors

Thank you for helping to make a Will that includes a bequest to The Florey. We acknowledge the special role that solicitors, trustee companies and executors play in facilitating charitable gifts that contribute towards the institute.
To make sure that your client’s gift reaches us, it is important to:

  • Use our correct registered name: The Florey Institute of Neuroscience and Mental Health.
  • Include our ABN: 92 124 762 027.

If your client would like their gift to be used for a specific purpose, please contact our bequest team first to make sure that their wishes can be accommodated. By encouraging them to share their wishes with their family, you can also help prevent issues from cropping-up further down the track.

Suggested wording for a Will

I give to the Florey Institute of Neuroscience and Mental Health, ABN 92 124 762 027

a. __________% of my estate OR

b. the residue of my estate OR

c. __________% of the residue of my estate OR

d. the sum of $__________ OR

e. __________ (insert specific property or shares)

to be applied for the purposes of medical research by The Florey in such manner as its directors may determine. I declare that the receipt of The Florey’s authorised officer will be a sufficient discharge to my executors who will not be bound to see the application of this gift.

For a gift to be applied to a specific research area, add this clause:

It is my wish that, without creating any binding trust or other obligation on The Florey or its directors, the gift will as far as possible be applied for the study of

________________(insert research area).

Remember to discuss the following legal points with your client as they may enhance their bequest:

  • If your client wishes to allocate their superannuation to the Florey, a binding nomination will have to be made with their superannuation fund as superannuation is not automatically included as part of an estate.
  • The Florey Institute of Neuroscience and Mental Health (ABN 92 124 762 027) holds Deductible Gift Recipient (DGR) status and is fully tax exempt.
  • The Florey is exempt from paying capital gains tax, and therefore the receipt of shares in specie or property does not attract capital gains tax.

Information for executors

We thank you for making sure that someone’s bequest to The Florey is properly administered. We’d be grateful if you could please send the following information to us:

  • Your contact details, the full name and last known address of the deceased person and their date of death.
  • A copy of the final Will and any codicils.
  • A statement of assets and liabilities.

When you’re ready to distribute the estate, we can receive a bank deposit or cheque made payable to The Florey sent to:

Bequest Manager
The Florey
30 Royal Parade
Parkville Victoria 3052

Contact us

We would also like the chance to thank the Will maker personally and invite them to join our community of wonderful people (The Florey Society) who support us in this way. Please invite them to contact Bequest Manager, Nola Wilmot, via [email protected] or call 1800 063 693.