Here are some straightforward answers to some of the questions you may have about leaving a gift in your Will.
How and why should I make a Will?
Without a Will, your estate will be divided according to the law, which may not be in accordance with your wishes. It is therefore of great importance that you make a Will and equally important that it should be drawn up with the help of a solicitor to ensure your last wishes are met.
What kind of gift should I leave?
There are three main types of gifts you may leave in your Will:
- a share of your estate
- a specific sum of money
- a specific item
A share of your estate (a residual bequest) is the whole or a percentage of what remains of your estate after all other gifts and expenses have been paid. These gifts are very important to us as they usually maintain their value or increase over time.
A specific sum of money is a gift in your Will of a set amount.
A specific item could be something valuable such as antiques, paintings or even property. See ‘How to leave a legacy’ for more details.
I’ve already made a Will. Do I need to make a new one?
You do not need to make a new Will. Instead you can add a codicil to your Will and send it to your solicitor. A codicil is a document on which changes or additions are made to an existing Will and must be read in conjunction with it.
Will my gift make a difference?
One of the great things about a Will is that every gift, whatever the size, helps us reach more communities sooner. You could choose to leave a small percentage of what is left from your estate rather than a specific amount.
Will my gift be used wisely?
If you choose to remember WaterAid, we will use your gift carefully so it achieves the greatest possible impact for the families we work with. You will be building a future where everyone has access to safe water and sanitation. Your gift can help children gain an education and help families earn an income. It will lead to healthier, happier families who are released from the burden of water collection, and a world where diarrhoea is no longer a killer.
By leaving a gift in your Will to WaterAid, you will be playing an instrumental role in helping us turn our vision into a reality.
What if I need to change my Will?
We understand and respect that your decisions about your Will are private, personal and made after much consideration. We also understand that circumstances can change. You can change the content of your Will at any time. We will never pressure you to declare your intentions, though of course we’ll always be delighted to hear from you.
I've decided to leave a gift to WaterAid in my Will. What do I need to tell my solicitor?
Your solicitor will need our full legal name (WaterAid Australia), and our registered Australian Business Number (99 700 687 141).