Gifts in Wills: FAQs
Everyone should have a Will, to make sure that your wishes are carried out by providing for your family, friends and the issues you care about. If you die without making a Will, state laws will determine how your assets will be distributed according to a predetermined formula which may not be as you intended.
Even a small gift can make a difference in advancing gender equality and improving the lives of women and girls around the world.
It’s also a great way to make an important statement about the cause or causes you care about.
Gifts in Wills or Bequests are future donations to charity, the details of which are recorded in your Will. This can be in the form of shares or property, a specified amount, or for the greatest impact, the remainder or a portion/percentage of the remainder of your assets. Your gift in Will will be distributed to your chosen charity after you pass. This is also sometimes referred to as a legacy gift.
According to the latest data, it will take 286 years to truly achieve Global Gender Equality. By leaving a gift in your Will, you are helping fund vital UN Women programs that advocate for change, work to improve legal systems and remove cultural barriers such as taboos, stigmas and stereotypes. Your gift will help pick up the pace of change, while also supporting women and girls when emergencies or crises occur.
To leave money to charity in your Will you can either write a new Will or update your existing Will. A solicitor, lawyer or estate planner can assist you. Gathered Here offers a free service to UN Women Australia supporters. To take advantage of their free service, or to create a bespoke Will visit gatheredhere.com.au.
Your Will is a record of your wishes at a particular point in time. It is advisable to regularly review your Will when your circumstances change so that it accurately reflects your current wishes. If your current Will still reflects most of your wishes, and you just want to make some small additions or changes, your solicitor can help you create a codicil (which is an addition or supplement that explains, modifies, or revokes a Will or part of one).
Most people know they should have an updated Will, but have put off creating or updating theirs because it seems like an intimidating task. Luckily, these days you can create a reputable Will online with a few simple clicks. We recommend using a trustworthy online Will-making website like Gathered Here which, as a partner of UN Women Australia is completely free and will only take you 10 minutes.
Any donations to UN Women Australia over $2 are tax deductible, including bequests. Gifts made to charities in your Will will not incur inheritance tax.