Leaving a gift in your Will is another way you can assist with the vital work that NADO does to support people living with disability and their families within our local community.
By leaving a charitable gift in your Will, you will have a positive impact on the lives of many of our participants potentially including your own children, family and friends.
A gift in your Will can come in the form of real estate, money, shares, an insurance policy, proceeds from a superannuation fund, a percentage of the residue of your estate or any personal items of value such as fine art and jewellery.
Your gift, whether large or small will be greatly appreciated, even the most modest bequest gift can make a huge difference – every little bit helps. When considering gifting your Will to NADO, there are four different types to consider:
Residual:
One of the most common ways to leave a charitable gift, residual gift is the remainder of your Estate after first leaving gifts to your loved ones and payment of any financial commitments, funeral arrangements etc.
Pecuniary or Specific:
Another common way to leave a charitable gift, a pecuniary or specific gift clearly specifies the donation: it can be money, property, stocks and/or shares.
Percentage or Fractional:
A gift expressed as a percentage or fraction of your Estate. Dividing your Estate by percentage or fraction takes into account the changing value of your Estate: this could be due to factors such as inflation, property fluctuations and changes to the composition of your Estate over time.
Whole Estate:
This comprises of your entire Estate and is usually left by those without family or other preferred beneficiaries, or those wanting to achieve something very significant with their gifts.
If you would like to find out more information about bequests, contact Linda Wilson our Community Engagement and Sponsorship Manager on 1300 738 229 or email [email protected].
Steps to leaving a bequest in your will
1 – DECIDE ON THE TYPE OF GIFT:
After you have looked after your loved ones, ask your Solicitor to explain the different types of gifts you can include, such as:
- Gifting the residue or the remainder of your estate
- Leaving a percentage (%) of your estate
- Specifying a particular amount for your gift
- Leaving your property or stock and shares
2 – TALK IT OVER WITH YOUR FAMILY
Let them know and discuss how you feel about leaving a gift to NADO and that your charitable gift will not disadvantage them. Let them know why you want to be remembered in this way.
3 – ASK YOUR SOLICITOR ABOUT GIFTING IN YOUR WILL
Let your Solicitor know you would like to support NADO and discuss the type of gifts that best suits you and your circumstances.
Your Solicitor may advise you that a simple Codicil (an extension to your Will) may be all that is required rather than re-writing your existing Will.
4 – LET NADO KNOW
Once you have included NADO in your Will, why not get in touch with us and let us know your decision. That way we can thank you personally and keep you informed about the work we are doing.
5 – ANYBODY CAN DO IT
You don’t need to be rich, famous or eccentric to leave a bequest. The reality is that most charitable gifts in Wills are left by thoughtful Australians – people just like you who simply want to make a positive difference to the world after you are gone.
Including gifts to charities in your Will is very easy and, if you are already updating or writing your Will, it shouldn’t cost you anything.
We highly recommend you speak with a Solicitor for legal advice and to discuss your plans with your family.
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