Leave a bequest/Gift in your will
When you leave a gift in your will/leave a bequest, you are leaving a gift that will last a lifetime.
A gift in your will/bequest is an investment in the future of the world’s poorest people.
There are a number of ways that you might consider leaving a gift in your Will to WaterAid:
A share of your estate or residual bequest
A residual bequest is a percentage of what remains of your estate after all other gifts and expenses have been distributed. One of the advantages of this gift is that it retains its value regardless of inflation. This means you are less likely to need to amend your Will in the future.
This is a gift of a specified dollar amount. At the time you create or amend your will, you can choose to leave a set dollar amount to WaterAid. It is worth remembering that over time, the effects of inflation may devalue this kind of gift.
A specific bequest is something of value such as an antique, painting, property, shares or an insurance policy that you choose to set aside.
Amending an existing will?
Of course, you may already have a Will. You can amend your existing Will simply adding WaterAid. A solicitor can help you to complete a codicil. A codicil is a document on which changes or additions are made to an existing Will and must be read in conjunction with it.
How to word your will
It’s straightforward to include a gift to WaterAid in your Will. All you have to do is give your solicitor our full legal name (WaterAid Australia) and registered Australian Business Number (99 700 687 141).
That is it. Your solicitor will do the rest, so it really could not be easier.
While we are unable to provide you with any legal advice we can help put you in touch with solicitors in your area if you wish. Get in touch with our Bequest staff by phoning 1300 858 002, or emailing [email protected].
Our bequest promise to you
- You are not required to inform us of your decision to leave a gift in Will to WaterAid – we completely respect your right to privacy (although we would love to have the opportunity to say thank you and to keep you informed of the impact we are having today and of our plans for the future).
- We understand that your family and loved ones come first.
- If you remember WaterAid in your Will we will use your gift carefully so it achieves the greatest possible impact for the families we will be working with.
- We will share news of the vital work made possible by a gift like yours; transforming the lives of men, women and children in the communities, we work in.
- We will answer any questions you have, and we will keep you up-to-date with our work in the way that suits you – just let us know.
- You can change your mind about a gift in your Will to WaterAid at any time.
- Any gift you leave will be handled sensitively and respectfully.
Question and answers
Here are some straightforward answers to some of the questions you may have about leaving a gift in your 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.
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 (pecuniary) is a gift in your Will of a set amount.
A specific item could be something valuable such as antiques, paintings or even property.
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.
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.
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 clean water and decent toilets. 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.
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.
Your solicitor will need our full legal name (WaterAid Australia), and our registered Australian Business Number (99 700 687 141).