Ways you can help

Wills and Legacies

Wills and Legacies
Many people would like to give money to charity, but feel they have responsibilities to their families while they are still alive, or they want to do something good with part of their money after they die. A legacy – leaving something to your favourite charity in your will – is the way to do that.

You don't have to make a difficult choice between family or charity. It's easy to remember both. You can specify either a fixed amount, or a given percentage of your estate to go to your chosen charity. Alternatively, you can specify the amount of your estate to go to family and friends and leave any residue to the charity you wish to support. You can leave money, or an item of value such as jewellery, property or shares, it's up to you to decide.

Any charitable donation is exempt from tax, which means that any money left to charities in a Will is exempt from inheritance tax. So, apart from knowing that the money you've left behind is being put to good use, it can actually make financial sense.

If you have already made a will, just let your solicitor know which charity you wish to support. You don't have to make a new will. If your will is still accurate and up to date, your solicitor can simply add a new section outlining your gift to your chosen charity.

You can get free and independent advice about making a will from a number of organisations such as Citizens Advice Bureau (CAB) and Age Concern. You can also write your own will on a pre-printed form available from stationery shops. It is generally advisable to use a solicitor, or have a solicitor check a will that you have drawn up, to ensure that the will is valid and that your wishes are carried out.

If you do decide to leave money to the Tracy Sollis Leukaemia Trust in your will you need to make it clear exactly which charity you want to receive your gift. Thank you for reading this, we would be extremely grateful to receive your "Pennies From Heaven"

updated: 9 years ago