Wills Month: you can’t take it with you

A109 Light Utility Helicopter flight with mayor Gisborne City from the air in November 2023.

Gisborne law firms Nolans Lawyers and Woodward Chrisp are giving clients the opportunity to leave a gift in their will to The Sunrise Foundation — with no fee charged for the amendment — as part of Wills Month this September.

“Often we can’t give as generously as we would like during our lifetime,” Sunrise executive officer Glenda Stokes said.

“A gift in your will costs you nothing now but can be transformational in helping charities with what they can achieve.”

Wills Month — an initiative of Community Foundations New Zealand — highlights the importance of having one’s final wishes known.

Donors can leave a specific sum, or gift a percentage of their estate, capped at a nominated amount. Funds can be directed towards causes that are close to the donor’s heart, or the trustees of the foundation can distribute the funds to where they are needed the most.

The Sunrise Foundation is one of 17 community foundations throughout the country. Community foundations have seen a surge in growth, as more people understand the benefits of creating a lasting legacy for their local area.

“If you are considering leaving a gift in your will to a local charity, The Sunrise Foundation can help,” Ms Stokes said.

Nolans Lawyers practice manager Ernie White said it was estimated that up to 50 percent of Kiwi adults have not got a will.

“Your will is your expression of how you wish your assets to be distributed upon your death. Having a will sets out how you personally wish to divide your assets, and gives you some control over who you wish to appoint to administer your estate and what happens to your property, finances and special taonga, treasured belongings or family heirlooms.

“If you die without a will (known as dying intestate) the Administration Act 1969 determines how your property is distributed and who may be appointed to administer your estate. This may be very different to what your wishes may have been.

“It is important that your will is reviewed regularly to ensure that it is still current so as not to cause any confusion after your death.”

Mr White said there had been an increase in clients considering gifting some of their estate to the community in their wills.

“Giving to a community foundation ensures that you can support many different charities within your community, with even a small bequest in your will or a donation. For clients considering gifts to the community, Sunrise is a good option.”

Woodward Chrisp practice manager Cherie Mirko agreed.

“Unfortunately, on the East Coast it is quite common for people to not have a will but our experienced staff can help draft your will. We highly recommend people take the time to record their wishes regarding the transfer of their property and assets. It avoids any confusion and can ensure not only that their loved ones are looked after, but give clarity to any gifting intentions.

“In September, Woodward Chrisp is pleased to support the Sunrise Foundation by not charging for changes to wills when you specify a charity or cause, or the general fund at Sunrise — it is such a great way to give back to our local community.”