Charities, gifts and Wills
This week is “Include a Charity Week”, an activity of Fundraising Institute Australia to raise the profile of charitable gifts in Wills.
If you wanted to make a gift to one or more charities in your Will, it makes sense that you plan and prepare properly so that your wishes are followed and implemented.
Unfortunately, things can, and do, go wrong including:
With that in mind, it is very important that a person wanting to make a gift to one or more charities in their Will obtains legal advice and has their Will prepared by a lawyer. The costs associated with doing so are insignificant compared to the costs that will be incurred (and which are likely to be paid out of the person’s Estate) if things go wrong and disputes arise.
It is understood that while many people think about making a gift to a charity in their Will, only a small number currently go ahead and make such a gift. Therefore, it is even more important that those who do go ahead and make a gift to a charity in their Will, get it right.
For more information or discussion, please contact HopgoodGanim Lawyers’ Estates and Succession team.