Why you should make a will
If you are aged 18 years or older, no matter how little money or property you have, you should have a will.
A will means that your property will be distributed the way you want it to be, and if it is properly made it will mean those left behind do not have the problem of trying to sort out your affairs.
When someone dies without having made a will, any money or property they leave behind is passed on to the next of kin according to state laws. This may not be the way you would like it, and it can cause a number of problems.
Making a will
You can make out your own will, but many people prefer to go to an expert such as a solicitor or trustee. You need to name an executor, who is the person that will administer the estate. This is often a complicated task, and many people name a solicitor or trustees to be the executor of their estate.
Your will should be kept up to date to reflect changes such as marriages, births and deaths. If you wish to change your will, and you don't want to prepare a new one, you can add a codicil. This is a separate document which contains new information and makes clear which parts of the original will are still valid.
When you sign your will or codicil, your signature must be witnessed by two other adults.
How to help Able Australia
A major part of the our organisation’s non-government income comes from deferred giving such as bequests. There are several ways you can help us by deferred giving and so ensure that your contributions to the wellbeing of deafblind continue:
A percentage of an estate can be left to the Organisation, which means that other beneficiaries will not be disadvantaged if the value of the estate changes.
The residue or part of the residue of an estate can be left to the Organisation.
A specific amount can be left to the Organisation, but you should remember that the value of such a bequest will be eroded by inflation.
Life insurance policies can be taken out with the Organisation named as the beneficiary and/or the bonuses can be made payable to the Organisation.
Particular items can be left to the Organisation.
A bequest can be made to take effect after the death of a spouse.
You could establish a perpetual trust which would provide the Organisation with income without reducing the size of the original gift.
If you use the words "to be used for the general purposes of" rather than nominate a specific use for your gift we will be able to put your gift towards the greatest need at the time.
The following are guides for making bequests to Able Australia Services.
"I bequeath the sum of $.... to Able Australia Services of 616 Riversdale Rd, Camberwell, Victoria, and I direct that the receipt of the organisation shall be discharged to my executors and trustees."
"I give and bequeath the residue of my personal property whatsoever or wheresoever situated to Able Australia Services of 616 Riversdale Rd, Camberwell, Victoria, and I direct that the receipt of the Treasurer or other authorised officer for the time being of such Organisation shall be a good and sufficient discharge to my trustees for such bequest."