We rely heavily on donations and being remembered in a will makes a huge difference to us and the thousands of patients and families we care for. By leaving us a legacy, no matter how small or large, you are helping us to improve the quality of life for a great number of people at a time they need it most. And because we are a registered charity any amount of money you leave us is completely exempt from inheritance tax.
Making a will is one of the most important tasks you will ever undertake. It doesn’t cost the earth – nor does it need to be complex or difficult. Despite this, as many as one in three people die without leaving any indication of where they would like to bequeath their assets.
If you have already made a will and wish to leave a donation to us that is not currently stated this can be done quite simply by asking your solicitor to add a straightforward amendment.
Your will lets you decide what happens to your money, property and possessions after your death. If you don’t have a will when you die, your money, property and possessions will be distributed according to the law rather than your wishes. Dying intestate (without a will) means your money and belongings could pass to someone you hadn’t intended – or that someone you want to benefit ends up with nothing. You can write a will yourself but you need to get your will formally witnessed and signed to make it legally valid so it is best to use a solicitor. If you have already made a will and wish to change it this is straightforward. To update your will, you need to make an official alteration called a ‘codicil’ or you can make a new will at any time. You can change your will as often as you wish.
Many people don’t know that marriage automatically invalidates a will written prior to the Big Day. The only way a will can remain valid after a marriage takes place is if it is made beforehand in contemplation of marriage. A solicitor will advise on how to do this.
Failure to make a will or to ensure an existing will is valid can cause all sorts of complications for loved ones and anyone else entrusted to deal with a deceased person’s affairs.
Leaving money in your will to a registered charity means that this sum is exempt from inheritance tax.
There are three main types of legacy:
Pecuniary: This is where people leave a specific sum of money or where a particular item or asset such as jewellery or property is bequeathed to us.
Residual: This is where the remainder of the estate after all debts, taxes and gifts have been apportioned is left to a charity.
Specific: A property of other named item.
We appreciate that your will is made in confidence but when people contact us to let us know they have left us a legacy it helps us greatly. It also allows us to say a huge thank you and provide information on how any money or gifts left to us will be utilised to benefit our patients and their families.
Leaving the Hospice of the Good Shepherd a donation or gift in your will can help us help thousands of patients and families, now and in the future. THANK YOU!