Wills & Bequests
Real People Real Care
Providing the community with the gift of living full and meaningful lives through individualized care with Princes Court.
How you can make a difference through your Will
Princes Court are part of a supportive and caring community dedicated to providing a happy, safe and enriching life for all, and over the years have had many members of our community generously choose to leave a bequest to Princes Court in their Will.
This financial support has life-changing results for our community members by allowing us to continue to provide tailored support and care to those who need it.
Gifts to a beneficiary like Princes Court can take various forms:
A cash gift of a specific amount.
A particular percentage of the estate.
A specific asset such as real estate or equipment.
A residue gift, where family & friends are provided for first, and the remainder is gifted
A Living gift, where funds are invested on behalf of the benefactor, with distributions are gifted.
As an alternative recipient if the preferred beneficiary has passed away or cannot accept the gift for whatever reason.
A conditional gift structure can be used so a spouse or family-member can retain the estate (or a portion of it) for the duration of their lifetime, to then be gifted.
Making a Will is Easy
We know putting together a will can be daunting and stressful without the right support and direction. So that’s why we’re here to help to ensure making your will is quick and easy. Princes Court has partnered with leading and trusted end-of-life services website, Gathered Here, to offer our community members the opportunity to write their will swiftly and effortlessly for free. This valuable online service simplifies the whole process and creates critical peace of mind for yourself and your loved ones.
Through Gathered Here, you can also leave a bequest in your will for Princes Court to support our ongoing mission to provide a happy, safe and meaningful life for all our residents in the future.
The Importance of Wills and How You Can Leave a Legacy for Others in Your Will
Making a will ensures you provide for loved ones you leave behind. When your affairs are in order and you’ve made your intentions clear, you’ll feel so much more relaxed and you’ll be saving your family a lot of anxiety later during what will be a very difficult time for them. As the scouts say – Be Prepared!
Most of us also want to leave a positive impact on the world after we pass. And a great way to leave a legacy for the future is to support the charity or cause you love most through an instruction, or bequest, in your will to leave a gift for a specific institution such as Princes Court, which is a not-for-profit community dedicated to the care of the aged.
If you’ve benefitted from our services at Princes Court in your lifetime, then you could help us care for others like you in the future by including us in your will. Over the decades, many past community members have left Princes Court incredibly generous contributions in their wills through bequests and this life-changing generosity has helped us provide the vital care we provide for you and others today. You can also make a difference to the future of others at Princes Court, ensuring the aged in our region always receive the care and enrichment they need and deserve.
To include a gift in your Will, you can use the following as a guideline:
To include a gift in your will, you can use the following as a guideline:
“I gift and bequeath free of all duties death estate succession or otherwise payable in consequence of my death
1. The sum of $_________ (cash)
2. All of my __________ (personal property such as jewellery)
3. Real estate situated at *insert property address here*
to Princes Court LTD (ABN 74 028 270 048) to be applied for its general purposes.“
The best way to leave a gift to Princes Court is for ‘general use’, as this enables us to distribute the funds across our community based on prioritised urgency. All gifts are significant, and these funds are used by Princes Court to continually enhance the care provided for our ageing community.
Alternatively, you can complete your will online through Gathered Here. It is effortless and is completely free, no hidden fees.
Common Questions About Wills
A will leaves clear instructions that tell people what you want to happen to your assets after you die. It helps make sure that:
- The people responsible for managing your estate know how you want your affairs to be handled
- Any dependants such as children are properly taken care of
- Your assets are distributed in a way that reflects your values and instructions
If you wish to bequeath a gift to Princes Court, leaving these instructions behind in a legal will is the only way to ensure that your wishes are followed through with. We recommend that you consult a solicitor or seek legal advice when preparing a will.
If you pass away without a will, it’s known as intestacy. Although the rules around intestacy are different depending on which state or territory you live in, most commonly, an intestate estate is simply divided amongst any surviving spouses, de-factos and children. If you have complicated family dynamics, there’s a good reason to have a will.
When you die without a will, your family will have to guess at what your final wishes were. And chances are, they won’t always agree. This ambiguity can create friction, and even fights, which sometimes lasts a lifetime. Creating a will solves the problem by eliminating the guesswork.
If there is no immediate family to allocate to, more distant relatives will receive portions of your estate. If there are no distant relatives or close friends, your will is likely to be passed to your state or territory government under Succession Law. This means that without a will you won’t have a say in who benefits from your legacy, which can lead to family disputes or your wealth being used in ways that don’t reflect the values you carried through life.
If you’ve already made a will but have decided that you want to update it or make changes, you can:
- Add a codicil, or appendix, to your existing will
- Choose to revoke the will and write a new one
- Destroy your will
A codicil is just an addition that can be added to your will, and is often all that’s required if you are only making a minor change to your will. If it’s a large change, you’ll likely be required to write a new will. To update your will with a codicil you must:
- Identify the exact section in your will that you wish to update and clearly record it with the new information you wish to include
- Use the same language in your will as you do in your codicil
- Include a sentence that references your original will by date
- After adding your new provisions, include a sentence indicating that the rest of the will shall remain as it is
- Ensure that the codicil is signed, dated and kept in a safe place with the original will
If you have any questions or are unsure on how to update your will, seek the advice of a lawyer or professional.
A bequest is simply a donation left in your will to a charity or non-for-profit organisation of your choice. It can be the whole amount, a specific amount or percentage of your estate. For many people who have lived a life of compassion, it is natural to wish to use a portion of the assets they leave behind to help improve the lives of others. A bequest is a wonderful way to donate to your charity if you have not been able to during your lifetime.
By choosing to leave Princes Court a bequest in your will, your legacy will help fund the important work that goes into the lives of those involved in the community at Princes Court and their loved ones. It will also support the maintenance of facilities and fund new and exciting projects and facilities.
If you have any questions about leaving a bequest, please seek the advice of a lawyer or professional.
Including a gift to Princes Court in your will is an act of trust. That’s why it’s so important to us to respect your trust, by making sure your gift efficiently and cost-effectively goes where it will have the most impact. When you leave a gift to Princes Court in your will, we spend it where it is most needed, always striving to be transparent in its distribution.
Fantastic! We are so happy to hear. Here’s what to do next:
- Decide on the type of bequest (see the bequests brochure).
- Find a solicitor in your area if you need advice or write a will online.
- Ensure you use the recommended wording for your bequest (see our wording above, or the brochure).
- Email or call to let us know or if you have any questions (details below). We’d love to hear of your bequest and say thank you!
A Last Chance to Make a Real Difference
You can see that making a will is remarkably easy. It takes as little 10 minutes and allows you to ensure your wishes will be met and that your estate will be distributed accordingly. Gathered Here provides an easy-to-complete online form to ensure all the important details are covered and if you need assistance in completing your will, they have team members available via phone or live-chat to assist.
Making a difference for the future and leaving a positive legacy for others like you is also easy by simply including a bequest to Princes Court in your will. A bequest is simply property given to a beneficiary through your will.
Your generosity has life-changing results for everyone who lives, works and volunteers at Princes Court and ensures we have the financial security to flourish into the future and enhance the quality of care we want our residents to receive and enjoy.
Adding a donation to your will is simple and easy to do and can be done at any time you are creating, amending or updating your will.
Before adding your gift, it’s important to consider a list of your existing liabilities such as a mortgage, and a full list of assets including debts that may be owing to you, possessions, insurance policies and tangible funds as these various assets and liabilities could affect the amount you wish to donate to a beneficiary in your will.
What happens to funds gifted to Princes Court?
Through these incredibly generous and charitable contributions we have been able to provide much-needed support to the broader Mildura community for more than 60 years. The best way to leave a gift to Princes Court is for ‘general use’, as this enables us to distribute the funds across our community based off prioritized urgency. All gifts are significant, and these funds are used to support Princes Court in continuing to better the care provided and quality of life for the ageing community.
Princes Court's partnership with Gathered Here
Create your FREE Will
We understand that putting together a will is a daunting and often stressful task, but it doesn’t need to be. We have partnered with Gathered Here to provide our community with a free Will writing resource to simplify end-of-life services and create peace of mind for all.
Gathered Here is an online service designed to aid in creating your Will in 6 simple steps. It takes as little 10 minutes and allows you to ensure your wishes will be met, and your estate will be distributed accordingly.
Gathered Here provides an easy-to-complete online form to ensure all the important details are covered and if you need assistance in completing your Will documents, they have team members available via phone or live chat to assist.
Put yours & your loved one’s mind at ease.
Take advantage of our free Gathered Here Will resources
Common Questions About Online Wills
Absolutely! As long as the online will is completed accurately, then printed and signed in line with the instructions provided, it is a valid will. There are some other requirements, including that the willwriter must be of sound mind and under no duress, but all of the requirements are the same as a traditional will.
So far, around 30,000 online wills have been written via Gathered Here, by people of every age and from every state. The average age of will-writers is 49 but the youngest willwriter was 18 and the oldest was 101. Writing a will is important for everyone – no matter your age, income, or family structure.
The biggest difference is that Gathered Here offers free online wills, with unlimited free updates for life. We always have and we always will. We’re able to do this thanks to support from other areas of our business, including our funeral marketplace, celebrant directory, and legal firm.
No, that’s completely your choice. Currently, around 20% of wills written on Gathered Here include a gift to charity. No matter what you decide, you can always change your mind at a later date. Wills written via Gathered Here are eligible for unlimited free updates for life.
Gifts in wills are one of the most important sources of revenue for charities and nonprofits in Australia. Currently, around a quarter of all charity revenue comes from gifts in wills. Without gifts pledged in wills, many charities wouldn’t be able to survive or would have to severely scale back the work they do.
Of course! Most gifts in wills are given as a percentage of the person’s estate. So, a person may pledge 5% or 10% of their estate. Even a gift of 1% could make a huge difference to a cause you care about, while still allowing you to provide financially for your family.
Online wills are most suitable for people with fairly straight-forward estate wishes. For example, if you have multiple properties or overseas investments, we suggest seeking legal advice. You can still write a will via Gathered Here if you have complex estate needs. Our legal firm is the largest probate firm in Australia and can help with drafting a more detailed will.
Just head to https://wills.gatheredhere.com.au/c/princes-court to write your free online will. It should only take around 10 minutes
Yes. Gathered Here does not take a cut from any gifts pledged in wills.
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