Writing your will
Without a Will, the Government decides on how your estate and money will be distributed, and unlikely to be as you wish. Making a Will is something we should all do. It protects your family, and those who depend on you, and ultimately reduces the distress to your family and friends at a difficult time.
Writing a Will is very simple to do. After deciding on how your estate is to be distributed, you are strongly advised to seek professional assistance with writing a valid Will, by contacting either a solicitor or professional Will writer.
Part of the process of writing a Will is to appoint executors (usually family or friends), so it is advisable to let your chosen executors know about the contents of your Will.
We’ve partnered with Free Wills Network to offer you a free Will writing service. For more information please speak to our supporter care team or email email@example.com.
Types of Legacy - three main types:
Residuary legacy: A percentage of the remainder of your estate, once all other gifts have been distributed and outgoings deducted. This is the most valuable gift you can leave to The Children’s Trust, as it increases in value over time.
Pecuniary legacy: A fixed sum of money (the value of which can decrease over time, as the cost of living increases).
Specific legacy: A specific item such as a property, stocks and shares or a piece of jewellery.
Inheritance Tax (IHT)
IHT rules regularly change, to find out the latest guidelines and the current threshold, visit the HM Revenue and Customs or call the Inheritance Tax and Probate Helpline on 0300 123 1072 (Mon-Fri, 9am-5pm).
Tax Efficient Giving
Giving to charity can reduce the inheritance tax on your estate. The Institute of Fundraising publishes guidelines on tax efficient giving, so take a look at their website.
Get in touch
To find out more about leaving a gift in your Will, call our supporter care team on 01737 364 349 or email firstname.lastname@example.org