Giving a Gift in Your Will
Welcome all sorts of donations left to us in Wills. Any amount you leave can help us. It’s completely up to you what kind of gift you choose to leave us.
Legacies don’t have to be a large sum of money. Some people choose to leave us a percentage of their estate. Other supporters prefer to leave The Bracken Trust a residue of their estate, after they have considered their family and friends.
A residuary gift is a share of the residue of your estate. This is what’s left after family and friends have been provided for in accordance with your wishes. This is a helpful and straightforward way to leave a legacy, as unlike most other donations in Wills; its value will not be affected by inflation.
A pecuniary gift is a stated sum of money. You can choose exactly how much you wish to leave by giving in this way.
Some people choose to leave us a valuable item, such as jewellery or property. You can outline in your Will whether these items may be sold, and whether we can use the proceeds in accordance with your wishes. We understand that personal belongings are very special, and we advise you to get in touch with us if you would like to give in this way so we can discuss your intentions.
A gift to The Bracken Trust will help us to provide information and support to patients, their families and the bereaved. Whilst we do employ professionals, much of our work is undertaken by volunteers, which means that we can keep our administration costs very low. Therefore, you can be assured that any gift or legacy to The Bracken Trust will directly benefit patients.
Making your will
It is very important for all of us to make a will. It is the only guaranteed way to ensure that your wishes are carried out after your death and that your money, property and belongings go to the people and causes you care about. If you have a family, friends or children to provide for, the best way to do so is in a will. Even if you have no dependants, if you want to avoid everything you have worked hard for going to the State, you still need a will.
Making a will need not cost a lot, and it can save heartache and expense in the long run.
Changing your will
Once you have made a will, you should review it occasionally to ensure that it still reflects your wishes and any changes in your life. A change in your marital status, for example, can affect the validity of your will. Just as making a will need not be complicated or expensive, updating one can also be easy to do. Your solicitor can advise you.
Did you know?
Every year £2 billion of inheritance tax goes to the taxman – c Any gift in your will to a charity is free from inheritance tax. What’s more, your gift will be deducted from the value of your estates before tax is assessed, reducing the amount of tax due on what you leave to your loved ones.