If you don’t make a will, part or all of your estate may end up going to people you never intended to benefit.
Just as the term suggests, a will carries out your wishes. If you happen to die without a valid will, the law dictates how your estate is distributed. This means if you have no next of kin, your estate will pass to the Crown. And if you do have relatives, they may disagree about what should happen with your estate. Your will clearly explains your intentions and ensures they are carried out.
Creating a named endowment fund or gifting an amount through your will, you will live on through your charitable giving.
The GCF Will Information Pack provides you with advice about what to include in your Will, who to consider, and how to create a gift for the charitable causes you love.
Additional Resources:
- Community Foundations–a new way of thinking about charity, philanthropy and working with clients – A white paper between: Dentons Kensington Swan and Community Foundations of New Zealand(PDF)
- Draft wording for a Will containing a legacy for Geyser Community Foundation (PDF)
If you need more information, feel free to get in touch with us.