Wills Month time to think of last­ing gift

Napier Courier - - NEWS -

Ki­wis are a gen­er­ous bunch.

Ev­ery year, New Zealan­ders leave more than $190 mil­lion as gifts in their wills to reg­is­tered char­i­ties.

One such in­di­vid­ual is Hawke’s Bay woman Caro­line McEl­nay. For Caro­line, leav­ing a gift in her will to the Hawke’s Bay Foun­da­tion was an easy de­ci­sion.

“I have only lived in Hawke’s Bay for 25 years but this is my home, and I want to help fos­ter a sense of com­mu­nity here. I hope that by leav­ing a gift in my will I can help those or­gan­i­sa­tions that work to do that. There is so much that can be done!”

Wills Month, an ini­tia­tive of the Com­mu­nity Foun­da­tions of New Zealand, seeks to high­light the value of leav­ing a gift in your will to char­ity.

Run­ning for the month of Septem­ber, Wills Month gives in­di­vid­u­als an op­por­tu­nity to up­date an ex­ist­ing will and make a pro­vi­sion to their lo­cal com­mu­nity foun­da­tion.

Lo­cally, the ini­tia­tive is be­ing run by Hawke’s Bay Foun­da­tion, with 10 le­gal firms of­fer­ing the ser­vice to ex­ist­ing clients at no charge.

Andrew Wares, trustee of the foun­da­tion and a part­ner of par­tic­i­pat­ing law firm Sains­bury, Lo­gan & Wil­liams, en­cour­ages would-be donors to talk to their fam­i­lies be­fore mak­ing changes.

“If you want to leave a por­tion of your es­tate to char­ity, it’s a good idea to dis­cuss your in­ten­tions with your fam­ily, prefer­ably with your lawyer present. This helps lessen the chances of fam­ily mem­bers chal­leng­ing your will at a later date,” says Wares.

Gifts and be­quests made to Hawke’s Bay Foun­da­tion are in­vested for­ever, with the in­ter­est be­ing used to sup­port lo­cal com­mu­nity or­gan­i­sa­tions and projects. As the cap­i­tal fund grows, so does the in­come, mean­ing each year, the foun­da­tion is able to put more and more money back into the Hawke’s Bay Com­mu­nity.

For Caro­line, this is the real point of dif­fer­ence with Hawke’s Bay Foun­da­tion’s giv­ing model. “I love know­ing that my gift won’t be spent the year af­ter I die, but will be in­vested for the longterm, and will keep giv­ing back to the Hawke’s Bay com­mu­nity for­ever.”

The 10 firms par­tic­i­pat­ing are Ban­nis­ter von Dadel­szen, Bay Le­gal, Bramwell Bate Lawyers, Carlile Dowl­ing, DK Le­gal, Gif­ford Devine, Lan­g­ley Twigg Law, Sains­bury, Lo­gan & Wil­liams, Souness Stone and Wil­lis Le­gal.

■ Wills Month runs from Septem­ber 3-28. To find out more, visit www.hawkes­bay foun­da­tion.org.nz or con­tact one of the par­tic­i­pat­ing firms.

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