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Why leave a gift in your Will?

Gifts in Wills are a very significant source of voluntary income for many charities, with it raising nearly a third or even half of many charities voluntary income. This source of income, as well as knowing of pledges that people have included within their Will, helps many charities plan for their future, knowing that they will be able to help future generations for years to come. 

Why make a Will?

Having a Will is the easiest way to ensure all your wishes are met when you are no longer here. Having an up to date Will in place can make sure that no further stress and upset is put on your loved ones at an already difficult time. Without a Will, the wrong people may benefit, assets may be frozen and extra expense incurred. 

Your Will isn't just for passing on your assets either, you can also include funeral arrangements and appoint legal guardians if you have children under the age of 18 years old. 

If you already have your Will in place, but want to include a gift to a charity, then a Codicil can be added in. This document can be used to make minor changes to a Will that has already been written. 

Things to consider

When looking at writing your Will, there are some things that you should always consider:

  • Who do you want as your executors? (They will be responsible for ensuring your wishes are met)
  • What are the value of your assets? (This may include property, investments, debts, important items etc)
  • Who do you want to remember and how? (Family, friends, charity and what type of gift would you like to leave them.)

We would also always recommend using a qualified professional and a full list of solicitors can be found on the Law Society Website