Gifts in wills - FAQs
Choosing to leave a gift in your Will is a significant choice to make. Wherever you choose to direct your gift, please know that every gift is valued and will help make a meaningful positive change in our community.
Each situation is different, and each person has the right to keep their gift confidential or not. If you do decide to leave a gift in your will, we would love if you could notify us so we could keep you informed about our work.
To help make the process easier, we have provided some FAQs.
Why is it important to have a Will?
An up-to-date Will is the only way to make sure that after you pass away, your wishes are carried out.
How do I leave a gift in my will?
You can leave a gift in a number of ways:
- Specific Bequest: A specific sum of money, specific assets such as property, shares, life insurance or other assets.
- Specified Portion: A specified portion of your entire estate.
- Residuary Bequest: A specified portion or the entirety of the remained of your estate after all of your other wishes have been carried out.
How do I update my will?
We recommend that you seek independent legal advice before making or changing your Will. We suggest using the below sentence:
I, [insert name here], give and bequeath free of all duties and taxes:
- The residue of my estate, or
- XX% of my whole estate, or
- XX% of the residue, or
- The specific sum of $XX
To Tamworth Family Support Service Ltd of PO Box 1088, TAMWORTH NSW 2340 to be used for charitable purposes through its awareness, education, and support programs, free of all death and estate duties. I declare that the official receipt of Tamworth Family Support Service shall be sufficient discharge of my executors.
I don’t have much money to leave, is it worth it?
You don’t have to be wealthy tocreate impact. Whoever you are, whatever your situation, any small contribution can help make a lasting difference in someone's life.