How to leave a legacy to Willow Burn Hospice?
To begin we advise you speak to your solicitor to have your Will drafted or updated. We can help you through our Make a Will Month campaign..
Choose the type of gift you would like to leave. You will need to decide what type of gift you would like to leave – a residuary or cash gift.
A residuary gift…is a percentage of the money left after your specific gifts to others in your Will. This means that your loved ones are taken care of and there is no need to change your Will if circumstances change. There’s no commitment to a fixed sum of money – so everyone can afford to leave a residuary gift!
If your estate is worth more than £325,000, you can reduce the amount of inheritance tax you pay if you leave 10% or more of the net value to charity.
A cash gift…is a fixed sum of money, for example £10,000. This is also known as a pecuniary gift.
A specific gift…is an item you leave to Willow Burn Hospice, for example jewellery or artwork.
A reversionary gift…allows you to leave assets to a chosen beneficiary to use during their lifetime, with the whole or a percentage of this being reverted to another beneficiary or charity only after their death.
For more information, feel free to contact us here.