Gift in Will
A Very Special Difference
Thank you for considering Very Special Kids in your Will. For over 33 years, Very Special Kids has been providing incredible family support services and paediatric palliative care which includes respite in Victoria’s only hospice, trained volunteer support in the home and hospital, bereavement and sibling programs for families at the most difficult of times.
The work we do is made possible through generous gifts in Will. Every gift no matter what the size makes an incredible difference.
Once you have looked after loved ones, leaving a gift to Very Special Kids in your Will is a special way of making sure we can be here, to care for children with life threatening illnesses and their families, whenever they need us.
Each year, these Gifts in Will also allow us to support mums, dads, brothers, sisters and grandparents – because life threatening illnesses affect the whole family. Whether it is improved quality of life for children, increased resilience of families, and a more positive outlook for the whole family.
Your Will is important
Everyone should have a Will, it gives you the power to choose how your assets can benefit your loved ones and the world you leave behind. Making a Will need not be complicated or expensive, but you should seek the advice of a solicitor to clearly set out the way you intend your estate to be distributed.
It’s also important to review your Will every few years to make sure it still reflects your wishes, especially after a change in your circumstances, such as marriage, divorce, the birth of a child or the sale of property.
Together, we can help even more. But at Very Special Kids, we appreciate leaving a gift in your will is a big decision, so please decide in your own time.
Different types of gifts in Will
Whole or part of your estate
You can leave your entire estate or any part of your estate to Very Special Kids.
A residual bequest
A residual gift to Very Special Kids is a direction to your Executor that, once all specific gifts are distributed to the beneficiaries named in your Will and your debts are paid, the remainder (or a proportion of the remainder) of your estate will be paid to Very Special Kids.
A residual bequest is a simple way to leave a gift that needn’t interfere with any other specific bequests left to loved ones. This type of bequest retains its value over time (unlike a specific cash gift that can reduce in value with inflation).
A specific bequest
You can leave any identifiable property as a bequest to Very Special Kids in your Will. A specific gift may include any sum of money, cash balances in a bank account, a residential house, commercial real estate or company shares.
A percentage of your estate
A common issue when determining a gift of a specific cash amount is; ‘How can I decide on a figure when I do not know how much will be left in my estate when the time comes?’ Making your gift a percentage of your estate, or of the residual of your estate, means no matter the value of your final estate, the proportion you intended for Very Special Kids will remain the same.
Sometimes a supporter intends to gift a property to Very Special Kids but also wishes to allow a family member or friend to live in that home for a period of time. Once that time has passed, the property will be sold and the proceeds paid to Very Special Kids. This is called a life interest.
A life interest may mean Very Special Kids doesn’t receive your gift until many years into the future and, in some cases, the gift may never be received at all.
It’s important to seek professional legal advice in drafting a life interest gift to ensure your intentions are clearly set out in your Will.
I give and bequeath (the rest and residue of my estate/specific sum/specified item) to Very Special Kids of 321 Glenferrie Road, Malvern, Victoria (ABN 86 109 832 091) for its general purposes and I declare that the receipt from the treasurer or other proper officer for the time being of Very Special Kids shall be a sufficient discharge to my Executor/Trustees and my Executor/Trustees shall not be obliged to look to the application of this gift.
Already left a gift in your will?
If you’ve already included a gift in your will to Very Special Kids – thank you! We would be grateful, if you have, if you’d let us know by emailing Esheldon@vsk.og.au or writing to Emily Sheldon at Very Special Kids, 321 Glenferrie Road, Malvern VIC 3144.
Knowing you have left us a gift in your will helps us plan for the future. It also gives us the chance to personally thank you for your generous support in your lifetime, while keeping you up-to-date with our work.