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Wills and Bequests

Silent Witness at Flemington

Help Us Build a Secure Future for the Living Legends

To be able to continue to provide the excellent care and commitment we give to our retired champion racehorses, we need a steady income. During these times of austerity we are immensely grateful to those of you that give so generously out of your already stretched pockets by way of donations and direct debits. But have you ever thought about leaving a lasting gift in your memory too? What better way to participate and support our vision by leaving a gift in your Will to Living Legends.

A lifetime gift in your memory will:

  • Enable us to give sanctuary to many more elderly champion racehorses in need of retirement and respite care.
  • Help us to continue to fund our work to prevent disease, illness and suffering in horses and ponies.
  • Will help us to continue our fight for happier, healthier horses everywhere.

Living Legends relies upon the generosity of people like you. After you have provided for your loved ones, please consider leaving a gift in your Will to Living Legends. Each and every gift makes a difference. 

Why Make a Will

Making a Will is something so many of us plan to do at sometime but never get around to doing. Preoccupation with everyday matters of going to work, paying our bills, taking care of our loved ones naturally take priority. However, it is important we are aware of our own mortality — something many of us find unnerving or difficult to think about. Making provision for our loved ones, or the charities which concern us most, will provide peace of mind and assurance that our last wishes will be met long after we have gone.

Not writing a Will could result in your family and beneficiaries being involved in legal disputes and incurring expenses often leading to a situation where your estate is distributed in a way you would not have wished. If you don’t make a Will it means you die “intestate”. This means the law decides upon the dispersal of your possessions, leading to all sorts of complications for your family. If you have no family of relatives and are single, it is quite possible the only beneficiary will be the State.

The only way to avoid such problems is to ensure your money and other possessions are left to those you wish to benefit, is to make a Will.

Legacy giving is a reliable and essential source of income for all charities to continue their work from which future generations will benefit. Living Legends and The Australian Horse Trust hope that you consider your favourite charity when writing your Will now, or sometime in the future.

Should you require any further information, or wish to pledge a gift in your Will, please contact Living Legends on (03) 9307 1165, or info@livinglegends.org.au.

Steps to Making Your Will

Making your Will can be a daunting task, but it doesn’t need to be complicated. Living Legends has made it easy for you to make or update your Will.

Step 1: Find a Legal Advisor
Find a solicitor or trustee company who can help.

Step 2: Preparing for making your Will
You should think about how you can make adequate provision for your loved ones, the assets and liabilities you have, who you can appoint as your Executors / Trustees and Guardians, specific gifts you could make, and how you wish to distribute your residuary estate, before you see your legal adviser. If you are unsure of any question, just ask them on the day.

Step 3: Meeting the solicitor/ trustee
Once you have completed your Will Checklist take it with you to your appointment. The solicitor will discuss your instructions and advise how best to word your Will (see Preferred wording for solicitors, below).

Step 4: Approving your Will
When drafted, your Will shall be sent to you to look over for approval. Any changes can be made at this point. Once you are happy with the document your legal advisor will ask you to sign it in the presence of two witnesses.

Step 5: Keeping your Will safe
You can keep your will at home, or your legal advisor may offer to hold it for you. Don’t forget to let your family know where it is and make sure it is safe.

Ways to Leave a Gift in Your Will

If you want to give a bequest to a charity like Living legends in your Will, there are three types of gifts:

  1. Residuary Legacy, whereby you leave the remainder of your possessions after your executor and solicitor have fulfilled your other instructions.
  2. Pecuniary Legacy, which is a sum of money you wish to leave e.g. $10,000.
  3. Specific Bequest, with which you leave a particular item such as an antique, or item of jewellery, or any other valuables.

Preferred wording of gifts to Living Legends in Wills

The following are examples of specific wording recommended for leaving a gift in your Will to Living Legends. In all cases, the most important thing is your own peace of mind so we encourage you to discuss your Will with your legal advisor.

To include Living Legends in you Will, you could include the following:

To donate a percentage of your estate:
“I give to Living Legends – The International Home of Rest for Champion Horses (ABN 47 885 471 565), for its general purposes, free of all duties [ number ] per cent of my residuary estate for which an authorised receipt from Living Legends will be a sufficient discharge for the executor(s) or trustee.”

or

“I give to Living Legends – The International Home of Rest for Champion Horses (ABN 47 885 471 565), for its general purposes, free of all duties the whole of the residue of my estate for which an authorised receipt from Living Legends will be a sufficient discharge for the executor(s) or trustee.”

To donate a specific sum:
“I give to Living Legends – The International Home of Rest for Champion Horses (ABN 47 885 471 565), for its general purposes, free of all duties the sum of $ [ number ] for which an authorised receipt from Living Legends will be a sufficient discharge for the executor(s) or trustee.”

Glossary of Legal Terms

  • Beneficiary — One who benefits from your Will.
  • Bequest — A gift under the term of a Will.
  • Codicil — An authorised addition or alteration to your Will.
  • Estate — Your complete possessions left in your Will.
  • Executor — One who is appointed by you to ensure the instructions in your Will are completed.
  • Intestate — One who dies without making a Will.
  • Legacy — A specified gift in your Will.
  • Residue — What remains of your estate after those specific legacies made and after taxes and debts have been paid.
  • Testator — One who makes the Will.

We would be delighted if you would consider leaving a gift to Living Legends in your Will.