Growing will to leave a legacy

YOUNGER-than-expected Australians are leaving gifts to charities in their wills many decades before they’re likely to die.

The trend has been noticed by charities, which traditionally approached people in their 60s for bequests but now see a passion to make a difference prevalent among younger generations.

Simone Busija, 45, is leaving a gift in her will to Peter MacCallum Cancer Centre.

Aggressive stomach cancer runs in her family, she lost her father and uncle to it, and was told she had an 80 per cent chance of getting it too. So Mrs Busija had her entire stomach removed and today lives a full life, being able to eat small amounts of food after her oesophagus was attached to her small intestine.

“I was so thrilled with the treatment I had … I really was compelled to do something to show my appreciation to Peter Mac,” she said of including the gift in her will.

“I think while you are able-bodied and able-minded it’s really good to think about it. Most people have been touched by cancer in some way – it’s the ultimate way to give something back.”

All wills can be challenged, so it is wise to let your loved ones know about your wishes.

Natalie Abela, a partner at commercial law firm Cowell Clarke, said communication was the key to minimising the risk of a challenge.

“As well as speaking with your family to explain your decision, it’s important to notify the charity and provide detailed instructions to your solicitor when making your will,” she said. “That way all parties are clear about your intentions.”

Include a Charity campaign manager Helen Merrick said it was a good idea to include a charity’s Australian Business Number in your bequest because charity names sometimes changed, and also to check your preferred charity’s website for suggested wording.

“We encourage people to talk to their loved ones – you want your family to know you are looking after them but still want some of your estate to go to other causes,” she said.

The biggest barrier is a lack of people with wills, with research finding less than half of Australian adults have one.

Ms Merrick said people who didn’t believe they had much to give should remember superannuation, and said charities had noticed Australia’s generous young generations.

“Charities always focused on 65plus, but a lot of people who are younger are supporting charities, have strong feelings and want to … leave a legacy,” she said.