Having a Will is one of the most important things you can do to protect and support your loved ones, friends, and your favourite charities.
If you were to pass away without a valid Will, your wishes of how your estate is distributed may be subject to a court ruling. This may cause unnecessary stress to your loved ones at a time that is already very stressful.
A valid and/or legally binding Will is the only way you can be sure your affairs will be managed as you would prefer.
Including a gift to Cancer Council Victoria in your Will is very easy and will make an impact on generations of Victorians to come.
The next time you are updating your Will, or writing your first Will, you can simply ask your solicitor to include Cancer Council Victoria.
We recommend updating your Will every few years or when your personal situation changes e.g., if you marry, divorce, have children, buy property, or if an intended beneficiary or executor dies.
Whatever your circumstances, we recommend that you see a solicitor when writing or updating your Will to ensure your wishes will be fulfilled.
If you choose to include a gift to Cancer Council Victoria in your Will, we recommend that you do so after first making provision for family and loved ones.
There are a few steps you can take to simplify the process:
- Make a list of everything you own – your assets
This will include all your property, investments, shares, cash as well as any debts. From this you can calculate the value of your estate. Please find a Will planner here to help you record all your assets and their values.
- Decide who you would like to benefit from your estate – your beneficiaries
This could include members of your family, loved ones or charities that you want to support in your Will.
- Decide who will administer your Will – your executor(s)
An Executor is the person, or persons, responsible for administering your Will. The executor of your Will is responsible for making sure your wishes are carried out. Make sure you speak to them first before giving them this responsibility so that they understand what will be required of them.