How can I Gift some of my Estate?
There are two ways you can decide to leave money. You can leave either a residuary gift which is a % share of your final estate (once your family have been provided for), or you can specify the amount of money you wish to leave (a pecuniary gift).
All gifts to charity in your Will are exempt from Inheritance Tax. These gifts are taken out of your estate before any inheritance tax is worked out, so there may be times when a gift to charity could substantially reduce the tax on your estate.
We work in partnership with several different charities and you could help us to help them by leaving a gift in your Will.
Our Charities
Did you know over 50% of some charities income comes from the legacies people leave in their Will?
Leaving a gift in your will to the Cancer Charity will have huge benefits not only for patients being treated now, but also for those who will be treated in the future.
It is a simple process to leave a legacy to Weston Park Hospital Cancer Charity, either by making a Will if you do not have one, or by amending your existing Will.
Leaving a gift in your Will to Children’s Heart Surgery Fund is a chance for you to keep making a difference to children affected by Congenital Heart Disease in our region for generations to come.
Thanks to your gift, Children’s Heart Surgery Fund will be able to support Leeds Congenital Heart Centre to become a recognised world class service by revolutionising patient facilities, which will enhance the whole patient experience.
It is a simple process to leave a legacy to Charity, either by making a Will if you do not have one, or by amending your existing Will.
How to Make a Will
Making a Will is commonly associated as something you do in later life however, in reality anyone over the age of 18 can have a Will and we would strongly recommend it to anyone with children.
Legacy gifts remain vital to charity income
The charitable sector has been hit particularly hard in recent months, with statistics released by Pro Bono Economics showing that one in 10 charities in the UK is likely to be bankrupt by the end of the year. With increased demand for services and limited fundraising capabilities, the sector is struggling to fill the £10bn shortfall required to keep it afloat.
What Happens if I Don't Have a Will?
What’s the worst that could happen if you don’t have a Will? Our expert Wills solicitors have explain what can happen, in simple terms, in our guide.
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