Leaving a gift in your will
Your Will is a lasting gift to your loved ones and to the next generation. Making a Will is a very personal matter. After you have provided for your loved ones, you may consider including Licola Wilderness Village as a beneficiary.
Use your Will to help us achieve our vision to create transformative experiences that ignite inspiration, foster optimism, and engage young people, empowering them to set and pursue meaningful goals for their future.
A bequest to Licola Wilderness Village in your Will is a special and powerful way to support a cause that is important to you and to the community. If you choose to leave a gift to Licola Wilderness Village, you can be assured that any amount – large or small – Will make a valuable difference to create a world full of inspired, optimistic, engaged young people.
Some of the ways your gift can help young people include:
• Equipping them with vital attributes such as confidence, self-belief, resilience, a sense of belonging, community-mindedness, autonomy, and a commitment to inclusivity.
• Acquire new knowledge, skills and interests and support networks.
• Provide opportunities for personal growth, skill development, and self-expression, all while nurturing positive relationships. and fostering of positive relationships.
• Activities in a safe and inclusive environment that take young people beyond their comfort zones, challenged but supported by peers.
A few words in your Will can provide a transformative and unforgettable journey that inspires young people to thrive and flourish in life.
How to include a gift in a Will
Every gift, large or small is deeply appreciated and helps us achieve our vision.
Gifts left to charities in Wills come in all different shapes and sizes and giving a gift in you Will is not just for wealthy people – it is for anybody thinking about doing something powerful, special and lasting.
Making or updating a Will is simple. The best way to arrange leaving a gift to Licola Wilderness Village is to speak with a solicitor. They can ensure your estate is distributed in a way that meets your wishes. How you choose to leave a bequest depends on your personal
preference and circumstances.
Please make sure that they include our correct legal name, address and ABN.
Lions Village Licola Inc.
5 Jamieson-Licola Rd, Licola, VIC 3858
ABN 13 915 642 767
Types of Gifts
You can leave your entire Estate or any part of your Estate to Licola Wilderness Village.
A residual gift means once all specific gifts are distributed and your debts are paid, the remainder (or a proportion of the remainder) of your Estate will be paid to Licola Wilderness Village. This is a simple way to leave a gift that doesn’t interfere with specific bequests to loved ones. It will also retain its value over time (unlike a particular gift of cash that can reduce in value with inflation).
Choosing a specific cash amount to leave can be difficult when you don’t know how much will be in your Estate when the time comes. Making your gift a percentage of your Estate, or the residual of your Estate, means no matter the value of your final Estate, the proportion you intended for Licola Wilderness Village stays the same.
You can leave any identifiable property as a legacy to Licola Wilderness Village. A specific gift may include money, cash balances in a bank account, a residential house, commercial real Estate, or company shares.
If you’re considering leaving real Estate or shares to Licola Wilderness Village, consider leaving the gift in specie. This means it may be transferred directly to Licola Wilderness Village and may save your Estate by paying capital gains tax on the asset’s sale. Seek appropriate legal advice to ensure this is suitable for your circumstances.
There are three ways to include Licola Wilderness Village in your Will
| Residuary gift | Percentage gift | Specific amount |
|---|---|---|
| You decide to leave what is left in your estate to Licola Wilderness Village after all estate debts or expenses are met and specific gifts are made. It’s the simplest and most effective way to support Licola Wilderness Village. | You can leave a percentage of your estate to Licola Wilderness Village. This gives longevity to your Will because your gift won’t be influenced by inflation or changes in the value of your estate. | You can leave a specific sum of money to Licola Wilderness Village. |
| Whole of estate You can choose to leave your entire estate to Licola Wilderness Village. |
A specific item You can leave specific items of value such as shares or real estate. |
|
Suggested wording
To make a bequest to Licola Wilderness Village, we suggest the following wording for
consideration by your legal advisor:
“I give and bequeath (a percentage of my estate) or (specified sum) or (all my rights, title and interest in [description of specific land or property at..]) free of all duties and deductions, for the general purposes of Lions Village Licola Inc (ABN 13 915 642 767) of 5 Jamieson-Licola Rd, Licola, VIC 3858. I declare that the receipt of an authorised officer of Licola Wilderness Village shall be a complete and sufficient discharge for the executor(s).”
We believe it is an important step to talk to family and loved ones about your Will.
Communication will ensure that decisions that are important to you are understood by family members, executors and guardians.
Get in touch
If you have already included a gift in your Will, please accept our heartfelt thanks for your thoughtfulness, foresight and generosity. We would be grateful if you could please let us know so that we can thank you personally for your thoughtfulness and we can give you a choice about how we might recognise you and how you would like us to communicate with you.
Information for solicitors and executors
Important Licola Wilderness Village Information
When drafting a Will that includes a gift to Licola Wilderness Village, please ensure the following details are included.
Legal Name: Lions Village Licola Inc
ABN: 13 915 642 767
Street Address: 5 Jamieson – Licola Rd, Licola, VIC 3858
Sending information to Licola Wilderness Village
Information can be sent via email to admin@licola.org.au or posted to 5 Jamieson – Licola Rd, Licola, VIC 3858.
Information required when processing an estate
If you are administering an estate which includes a gift to Licola Wilderness Village, please notify our Chair, Denis Carruthers as early as possible with the following:
• Deceased full name and last address
• Date of death
• Grant of Probate or a copy of the final Will
In addition to the above and depending on the type of gift being left to Licola Wilderness Village, we may require additional information (e.g. statement of assets and liabilities) or request that the gift be provided to Licola Wilderness Village in a certain way (e.g. the transfer of any shares, in-specie)
To support people writing their Will, Licola Wilderness Village suggests using Australia’s leading online Will’s writing platforms, GatheredHere.
Through the online service that GatheredHere offers, you can produce a simple, legally binding Will that is reviewed by Gathered Here’s legal advisers. This will help you protect the people and charities that mean the most to you.
Organising your Will online helps you create an official legal document and complete your Will in less than 20 minutes.
After you have taken care of your loved ones, you may also wish to leave a gift to Licola Wilderness Village. A gift of as little as 1% of your estate can make a serious difference for supporting Licola Wilderness Village to provide a transformative and unforgettable journey that inspires young people to thrive and flourish in life.
If you already have a Will, a cost-effective way to include a gift to Licola Wilderness Village is by a short legal amendment or adding a CODOCIL to your Will. Please check with your solicitor to see if the CODICIL is appropriate for the changes you wish to make.
If you have chosen to support Licola Wilderness Village in this very generous and personal way, we would be delighted to hear from you so that we can say thank you. You can let us know by simply contacting our Chair, Denis Carruthers. Though you can be assured of confidentiality, you are not obliged to inform us.
Frequently asked Questions
We recommend seeking independent, professional legal and tax advice when making or changing your Will to ensure your intentions are realised and the distributions to beneficiaries are maximised.
Having your Will professionally written shouldn’t be expensive, and it provides peace of mind knowing your wishes are more likely to be upheld.
If you need a solicitor, the law society of your state or territory can refer you to one.
The Law Institute of Victoria, (03) 9607 9311
The Law Society of NSW, (02) 9926 0333
The Queensland Law Society, 1300 367 757
The Law Society of South Australia, (08) 8229 0222
The Law Society of Western Australia, (08) 9342 8600
The Law Society of Tasmania, (03) 6234 4133
The ACT Law Society, (02) 6274 0300
The Law Society Northern Territory, (08) 8981 5104
Note that Licola Wilderness Village does not provide legal advice. Any referral to an Online Will provider does not constitute legal advice or an endorsement that an Online Will suits your needs. Individuals using Online Wills should seek legal advice before making any changes or updates to their Wills.
We’re a charity registered with the Australian Charities and Not-for-profit Commission. The Australian Taxation Office has endorsed us for charity tax concessions, including exemption from income tax, and has also supported our public fund, Licola Wilderness Village Australia Fund, as a deductible gift recipient (which is listed on the Register of Environmental Organisations).
- Lions Village Licola Inc.
- 5 Jamieson – Licola Rd, Licola, VIC 3858
- ABN 13 915 642 767
Once you’ve chosen the correct bequest type, speak with your solicitor to have your Will written. Please note the following wording is a guide only and subject to your solicitor’s advice.
“I give (insert one of the following)
- Specific amount: the sum of $X (insert financial amount)
- The whole of Estate: my entire Estate
- % of Estate: (insert percentage or proportion) of my Estate
- % of Residue: (insert percentage or proportion) of the Residue of my Estate
- Real Estate: all of my interest in my real property is described as (insert legal property tenure description/title details)
- Shares: my shares in (insert description of a publicly listed company)
To Lions Village Licola Inc. (ABN 13 915 642 767) to be applied towards conservation purposes following the Constitutional objectives of Licola Wilderness Village in its absolute discretion and I declare that the receipt of the Treasurer or other authorised officer of Licola Wilderness Village shall be a sufficient discharge for my Trustees.”
You can, but superannuation and life insurance don’t automatically form part of your Estate. We recommend speaking to a legal professional to make appropriate arrangements.
Do you keep gifts of property as part of your reserve network?
This depends on a range of factors, so it’s important to discuss your wishes with a member of our team if you’re considering leaving a land bequest to Licola Wilderness Village.
It’s up to you. We understand that making a Will can be a personal and private matter. Knowing we have such generous support allows us to thank our supporters personally and plan for the future. If you’d like to let us know about your bequest, reach out to our team via email, phone, or the confidential web form below.
Licola Wilderness Village is unable to act as an executor. The costs would outweigh any potential benefits, as our staff is not experienced or trained in estate administration. There’s also a risk of perceived undue influence if your Will is contested for any reason.