Make a Gift in Memory.
Who should have a Will?
Everyone over 18 years of age should have a valid Will regardless of how little they own. Putting off writing one until later may cause significant problems – you may never get around to it and, if you die without a Will, your assets, small or large, may not go to the people and the causes you would have chosen.
When should you change or update your Will?
Updates are essential whenever your circumstances change, for example:
- Marriage, divorce or other changes in relationships
- Death of a spouse, partner or other family member
- Birth of a new family member
- Purchasing a property
- Going on that extended overseas trip or outback adventure
- Retirement or other major change in your financial situation
- Change in the health of either you or your partner.
Should you and your Partner have separate Wills?
Yes, to avoid unwanted legal complications after one person dies, or in the case of a permanent separation or divorce.
Do you need to discuss your decision with your family?
This is your choice, because a Will is often a very private document. However it is important to discuss, your Will in general terms including your decision to leave a gift to a good cause such as RESULTS. This will ensure that your wishes are understood and carried out, and that your grieving family avoid the possibility of upsets and disputes, and avoid your Will being contested after your death.
Why should you pay a solicitor to help you write your Will?
A Will is likely to be one of the most important documents you ever sign and with such an important document, you do not want to risk the possibility of upsets and disputes complications or errors that could later translate into problems for your loved ones after you die. A solicitor is trained to write in a way that is clear and unambiguous, and will ensure that your wishes are carried out.
Can you use a Will Kit?
Will Kits are widely available, very cheap and usually have clear instructions on how to complete them. However, a Will is likely to be one of the most important documents you ever sign and, with such an important document, you do not want to risk the possibility of upsets and disputes that could later translate into problems understanding your wishes for your loved ones after you die.
To be sure your Will is accurately and clearly documented, it is worth talking to a solicitor who is trained to write Wills clearly and to ensure that your wishes are carried out. See our question on “Why should I pay for a solicitor to help me write my Will”
What types of Bequests can you make?
There are three common types of bequest. You are welcome to call RESULTS for more information, or ask your solicitor who can explain more fully and help you decide the best approach for you.
A simple way to leave a bequest to RESULTS is to include a residuary gift. This means that a percentage, or the remainder, of your estate can be left to RESULTS after your family and other beneficiaries have been taken care of. One of the main benefits of this type of gift is that you do not have to worry about amending the gift in your Will if your financial situation changes, there is simply a smaller gift for RESULTS.
A pecuniary bequest means that you leave RESULTS a gift of a set dollar amount determined by you at the time of drawing up or altering your Will. For example, this might be $5,000, $20,000, or $500,000 – the amount is up to you.
A specific bequest means that you leave RESULTS a gift of an item of specific value such as proceeds of an insurance policy, some shares, or even a gift of property. Some of these gifts may be held for future interest payments such as shares or may be sold at the best time to maximise income to RESULTS again such as shares.
Why should you leave a gift in your Will to RESULTS?
- When making a gift in your Will, you want to know it will be used wisely to make a real difference by an organisation with a strong record of accomplishment and one, most of all, that you know you can trust.
- RESULTS has been working in Australia for 30 years and has seen great steps in reducing extreme poverty and ill health thanks to its work and volunteers
- RESULTS effectively influences key decision makers to mobilise the delivery of billions of dollars worldwide to increase child survival, health care, education, microfinance and does it with an army of willing volunteers.
- RESULTS is non-partisan, and is fearless and forthright in its advocacy because it is not funded by government
- Adherence to the ACFID Code of Conduct ensures RESULTS delivers a high level of accountability and transparency in investing funds
- RESULTS is audited each year with financial reports published in an annual report that is available on the website or on request.
What is the best type of gift to leave to RESULTS?
All gifts are very welcome and make a big difference in breaking the cycle of poverty. We generally recommend a residual bequest although the decision is yours to make, and we are extremely grateful for whatever you consider to be appropriate.
A residuary bequest means that after your family and loved ones are looked after and your debts are settled, whatever small amount is left, will come to RESULTS to continue our work advocating to provide health, nutrition, and microfinance to those in need globally.
Where will RESULTS invest your gift?
RESULTS will continue to work within an international framework to mobilise, educate, and empower a network of people, just like you, to create the political will to end poverty, hunger, and ill health. We never underestimate the power of a group of determined and motivated people to effect change.
How will RESULTS ensure that you are remembered for leaving a gift in your Will?
When you leave a gift in your Will, your gift will be invested and applied wisely to support our advocacy for many years to come. RESULTS will honour your memory in the following ways:
- Acknowledgement of your gift on our website with information on your life
- Acknowledgement of your gift in the RESULTS Annual report
- Presentation of a beautiful memorial plaque to your family
- A story about you in our newsletter
How do you word a bequest in your Will?
When you decide to leave a gift, it is important that you use the correct wording in your Will. Please ask your solicitor to use RESULTS’ full registered name, ABN, and mailing address as follows:
RESULTS International (Australia),
ABN 75 309 770 578
Suite 204, 117 Old Pittwater Road,
BROOKVALE NSW 2100
It is helpful to include the bequest clause that matches your gift:
For a Residuary Bequest
“I devise and bequeath to RESULTS International (Australia), ABN 75 309 770 578, of Suite 204, 117 Old Pittwater Road, Brookvale NSW 2100, free of all taxes and other duties, the rest and residue of my estate to be used for the general purpose of the Fund, and the receipt of the Executive Director or other proper officer of the said fund at the time shall be sufficient discharge to my Trustee.”
For a Pecuniary Bequest
“I devise and bequeath the sum of ………………………………………………….. dollars to RESULTS International (Australia), ABN 75 309 770 578, of Suite 204, 117 Old Pittwater Road, Brookvale NSW 2100, free of all taxes and other duties, to be used for the general purpose of the Fund, and the receipt of the Executive Director or other proper officer of the said fund at the time shall be sufficient discharge to my Trustee.”
For a Specific Bequest
“I devise and bequeath to RESULTS International (Australia), ABN 75 309 770 578, of Suite 204, 117 Old Pittwater Road, Brookvale NSW 2100, free of all taxes and other duties, the following items (please specify ) to be used for the general purpose of the Fund, and the receipt of the Executive Director or other proper officer of the said fund at the time shall be sufficient discharge to my Trustee.”
Should you let RESULTS know if you have left a gift in your Will?
This is your choice, however by advising us of your gift, we are able to thank you personally and invite you to join us at special events.
Can you leave property to RESULTS?
We welcome property bequests provided RESULTS is given permission to either use the property for its purposes or to sell it and use the funds for investment in our global health, nutrition, and microfinance advocacy programs.