Leaving a gift to a charity in your will

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What will be your legacy?

Thu 15th Sep 2016

Behind every animal we help, is someone like you.

As a charity, legacies and gifts in wills allow us to continue the animal welfare work we do.

This week is 'Remember a charity in your Will week' which is an inititative to encourage people to consider leaving a charitable gift in their Will, once they’ve looked after their family and friends. It has been highlighted in a recent survey that 35% of people wanted to leave money to a charity in their will, but only 7.3% actually did so. 

Whilst it is not clear why there is such a discrepency, we are keen to break down any barriers that may prevent people potentially leaving a gift in their Will. 

There are four different types of gifts that you can leave in your will to charities like WVS:

Residuary – this is a percentage of the value of your estate after all your other wishes have been met and expenses paid. 
Pecuniary – this is a fixed sum of money, like £1,000 or £10,000. Of course, it doesn’t take into account inflation or the total value of your estate. 
Specific – this means leaving something of value like an item of jewellery or an antique. 
Conditional – a gift you would make if the person you first intended to benefit died before you.

No matter the size or amount, your gift will contribute to our work with animals in need all around the world. You don't need to be rich to leave a gift to WVS in your Will, even by just leaving a small percentage (called a residuary legacy) to us in your Will goes a really long way. The reason being is that these gifts are inflation proof and are also exempt from inheritance tax. 

It's actually easier than you think to remember us in your Will. All you need to do is make an appointment with your solicitor and provide them with our charity name, address and registered charity number. Confused by the terminology? You are not alone and you may want to take a look at our handy guide.

Alternatively, please contact us and we would be very happy to speak with you and answer any questions that you might have.

Please note, if you live outside the UK, probate law works very differently and you will need to seek independent legal advice.