Many people leave gifts to charity through their Wills. It is important to consider competing claims on your estate, as to leave all your estate to a charity and none to your spouse or children leaves your Will open to challenge and can create heartache and expense for all concerned, including the charity!
Think also about why you want to give the money; is it for a specific purpose or just for the general purpose of the charity?
Make sure you identify the charity correctly, many organisations have similar names and it’s important to ensure your gift goes where you intend it to.
A gift of the ‘residue’ of your estate, or even a share of it may be an appropriate gift in your Will.
Chris Perriman
Simmons Wolfhagen
Senior Conveyancing Paralegal
work +61 03 6226 1200
chris.perriman@simwolf.com.au
http://www.simmonswolfhagen.com.au