The power of charitable giving in your Will
Have you ever considered the impact you could make beyond your lifetime? By including a charitable gift in your Will, you can leave a lasting legacy and support causes you care about.
Australia has a surprisingly low rate of charitable gifts in Wills. For many, finding extra funds to donate during their lifetime can be challenging, but a gift through your Will can be a way to support meaningful causes without affecting your financial security.
Why consider a charitable gift in your Will?
Charitable organisations touch our lives in countless ways, from hospitals and cancer research foundations to animal welfare groups and local support services. While we can’t support every cause, many of us have a few charities that resonate deeply. A small bequest to a charity you admire can have a lasting effect on its work and the lives it touches.
How to choose a charity
Identifying a charity close to home, like a local hospice or animal shelter, can feel especially meaningful, but international relief or health-focused charities also benefit from legacy gifts. Choosing one or more charities you value allows you to tailor your giving to causes you truly believe in.
Simple steps to include a charity in your Will
Do some research: A quick search or a chat with the charity’s staff can help you understand how your gift will be used. Charities often provide guidance on the best ways to structure your bequest and may suggest wording for your Will.
Find the ABN: This step ensures your donation goes to the right organisation. Charities usually list their ABN and other legal details on their website.
Specify the purpose (if desired): You can direct your gift toward a specific program or allow the charity to use it where it’s needed most.
Consult with your lawyer: A legal professional can help you draft the necessary language in your Will to ensure your wishes are carried out.
A little goes a long way
Imagine if every Australian left just 1% of their Estate to charity? These small gifts would collectively create a powerful resource for charities, and the impact on your other beneficiaries would be minimal.
Leaving a gift in your Will is a wonderful way to create a legacy of kindness that lives on, supporting the causes that matter most to you.
Ready to make a difference with your Will?
The Wills and Estate team at OFRM are here to help. As Bendigo and Central Victoria’s largest team dedicated to Wills & Estates, we make the process simple and stress-free. With years of experience, we guide you through every step - whether you’re planning for loved ones or including a charitable gift.
Take the first step today by making an appointment with one of our dedicated Wills lawyers.
Skip the call and book online now.