How to leave a gift in your Will
Here are the key steps involved in leaving a gift in your Will to Bayley House
- Decide to make or change your will
Having a Will is an important part of life to ensure that your wishes are respected and that the people in your life are protected when you pass away. It is important that your Will is updated to reflect your wishes and to ensure that any additional stress is removed from your loved ones during that difficult time.
- Make a list of everything you own
Making a list of all of your assets including property, investments, Superannuation and any debts will help to calculate the value of your estate. A lawyer or online will-writing platform can assist with this process.
- Decide who you would like to give to
We encourage you to ensure that your family, friends and important people in your life are looked after first. It is at this stage that you may then consider a gift to Bayley House in your Will.
- Decide who you want to name as executor of your Will
These are the people named in your Will who will be responsible for ensuring your wishes are carried out.
- Choose the type of gift you would like to leave to Bayley House
There are various types of gift that you can leave in your Will. A gift through your Will can take the following forms:
- a specified amount of money
- the residue of the estate (A residual gift is a portion of your estate, or the balance remaining after loved ones and expenses are provided for).
- a percentage of your estate
- a nominated asset such as shares, real estate, works of art or jewellery
- Create your Will with the help of a solicitor or through an online Will-writing platform.