Important things to consider
Things which you should consider when making a Will are:
* Include your family and loved ones first.
* How will you distribute your assets?
* Include a charity, or a number of charities, as beneficiaries.
* Decide on which method you will use to give a gift to a charity.
* Decide who will be your executors to handle your affairs.
* Consider your funeral arrangements.
Three ways in which you can leave a gift in your Will are:
Itemise a special gift
You can specify a certain amount of cash to be given.
This however will not take into account inflation over an extended period of time.
You could also itemise specific gifts such as real estate, stocks or bonds as part of this method.
Nominate a percentage
You can nominate a specific percentage of your entire estate to be given.
This will ensure that the relative value remains of your gift.
Nominate the residual value
After providing for your loved ones, the residual value of your estate can be given as a gift.
Sample wording for your Will
“I give to ADHD Australia Limited, ABN 73 602 346 047
a) the sum of $_______ and/or
b) (itemised assets) or
c) (x) percentage of my entire estate or
d) (x) percentage of the residual value of my estate
to be applied for the general purposes of the organisation, and I direct that the receipt of the Chief Executive Officer, Secretary or other duly authorised officer shall be a sufficient discharge to my Executors for this gift.”
For more information about how you can include a gift in your Will or to start a conversation with us, please send and email to email@example.com
You can also find more general information from the charity sector's industry body, the Fundraising Institute of Australia's 'Include A Charity' website at: https://includeacharity.com.au/make-a-will