LEGACY FAQ
Why bother to make a Will?
Making a Will is the only way you can be sure that your wishes will be followed after you die. If you die without a Will the laws of intestacy determine who will inherit. This may not be what you were expecting or what you wanted. It is essential to write a Will if you want to be sure that the people you wish to benefit are the ones who do. Not only that, but Inheritance Tax legislation means that if you don’t prepare properly, a substantial part of what you leave behind may go to the state.
How do I make a Will?
It is easy and relatively inexpensive to have a Will drafted by a properly qualified professional. You should check that the professional you choose:
- has been trained and is qualified in making Wills.
- has undertaken ongoing training in making Wills.
- has professional indemnity insurance of at least £2 million.
- is a member of an organisation that has an independent complaints procedure.
We recommend finding a solicitor through Remember a Charity website.
WHAT IF I ALREADY HAVE A WILL?
It’s important to regularly review your will throughout your life. You should take into account any changes in your circumstances and changes to inheritance tax rules.
If you already have a will but you want to leave a gift to a charity you can complete a ‘codicil’. A codicil is a document which is an addition to your will, without re writing the whole will. You can obtain one from your solicitor.
You should consider writing a new will if you have other changes you wish to make and it’s important to consult a solicitor or will writer as mistakes could invalidate your will.
What should I consider when writing a Will?
Wills aren’t solely about passing on your assets. You can also include specific funeral arrangements: for instance, burial, cremation or the use of your body for medical research. You may also want to appoint legal guardians to care for your children if you and their other parent should die before they are 18. One other important consideration is the appointment of your executors – the people who will deal with your estate when you die.
What wording should I use to include a gift to Different Strokes in my Will?
A solicitor or will writer can advise you on how to leave a gift to Different Strokes. You can also get in touch with us for a template.
I don’t have a big estate so I don’t think I have much to leave. Is it worth me leaving a gift in my will?
Any amount is helpful and appreciated by us. You can leave as little as 1% of what is left after you have paid bills and provided for your loved ones.