As the festive season approaches, many Australians reflect on how they can make a lasting difference. One powerful way to do this is by including a charitable bequest in your will. By choosing a registered charity with Deductible Gift Recipient (DGR) status, you can ensure your generosity has maximum impact, helping your chosen cause while also providing valuable tax benefits for your estate. Careful planning can mean more of your gift goes directly to the charity, rather than being reduced by unnecessary taxes.
To make your legacy count, it’s important to clearly state your wishes in your will, consider gifting assets like property or shares, and seek professional advice to structure your estate in the most tax-effective way. With thoughtful preparation, your seasonal spirit of giving can create positive change for years to come. If you need guidance or support with these conversations, feel free to contact us at [email protected].