Leaving a gift in your Will
With the uncertainty around when we can get back to meeting up with others, we have decided to postpone our Make Your Will month event with local solicitors until June this year.
For many of you who are keen to put your affairs in order and to make your Will right now, we are delighted to announce the launch of an online Will writing service with our partner, Bequeathed. Find out more about creating your Will online here.
Why legacy gifts are so important
Do you know that in recent years one in three of our caring, experienced Hospice at Home nurses have been funded from gifts in Wills?
Thanks to the kindness of people who have left legacy gifts in the past, local children and adults receive the best end-of-life care from our caring nurses. At such difficult times, people are touched by the compassion and skills of the Rennie Grove Hospice Care team and by remembering Rennie Grove in your Will, this will be a significant way of supporting us to safeguard our services for the future.
Please, will you care for your community of tomorrow - and consider leaving a gift in your Will today? Every single gift is vital for our future care.
Why make a Will?
Making a Will is the best way to ensure that your family and friends have what they need when you can no longer be there for them. Your Will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your 'estate'). When people make their Wills many take the opportunity to make a gift to any charities they wish to remember and a gift in your Will is another way for you to support Rennie Grove.
IBB Solicitors have kindly provided some guidance on writing a Will, watch their video advice here
You can make a lasting difference with a gift in your Will to Rennie Grove
Remembering Rennie Grove in your Will is a significant way of supporting us. Your family and friends come first, of course, but as you make or update your Will, including a gift of any size will help to ensure local families continue to receive the best end-of-life care in their own homes. We rely on the kindness of people like you to ensure this unique level of care is available to local people, when they need it, now and in the future.
How a gift can help to reduce Inheritance Tax
Gifts left to charities are generally completely free of Inheritance Tax and, in some circumstances, by leaving a charitable gift to Rennie Grove you may even reduce the amount of Inheritance Tax your loved ones are liable for.
Inheritance Tax is payable when the assets of your estate, once all debts have been deducted, are worth over £325,000 for an individual, or £650,000 for a married couple. If you leave 10% or more of your estate to charity, if any inheritance tax is due, a reduced rate of 36%, rather than 40%, may apply.
If you choose to consider leaving a gift in your Will to Rennie Grove, our legacy booklet may be helpful:
What should I include in a Will?
1. Work out the approximate value of your estate: the total sum of all your property, money and possessions.
2. Think about everyone you want to benefit from your estate – this may include your partner or spouse, children or other family members, friends and your favourite charities.
Also consider who you might like to appoint as your executors: the people who’ll ensure your Will is carried out as requested.
What type of gift can I leave?
If you’d like to make a gift in your Will, decide how you’d like to do this. You can choose between:
- residuary – leaving a share of your estate is what remains once other gifts and payments have been made. You can choose to give any percentage. This is popular because it takes care of your loved ones first and is not devalued by inflation.
- pecuniary – leaving a fixed sum of money
- specific – is a particular named item, for example, a piece of jewellery, paintings, antiques
I want to make a Will and leave a gift to Rennie Grove. What’s next?
First you need to choose who you want to act as your Executor(s). This is someone named in your Will who will be responsible for making sure your instructions are carried out. It should be someone you trust, and you may want to ensure they’re happy to take on the role. Then visit a solicitor to have your Will drawn up. Store your Will in a safe place, and ensure your Executor(s) know where this is.
Should I use a solicitor?
It’s advisable to use a solicitor to make or check your Will to ensure that all legal procedures are followed. Your solicitor will guide you through the process and make sure the wording of your Will is accurate and legally correct.
To find a solicitor through the Law Society visit: lawsociety.org.uk
Do I need to do anything once I’ve included Rennie Grove in my Will?
It is helpful to know about any intended gifts so please take a moment to tell us your intentions. We would like to thank you for your generosity and keep informed with information that might be relevant to you.
How do I make sure my gift will go to Rennie Grove?
All you need to do is give your solicitor our charity name, registered office address and registered charity number:
Rennie Grove Hospice Care
Registered Office: Grove House,Waverley Road, St Albans, Herts AL3 5QX
Registered Charity No. 1140386
If you'd like confidential advice about leaving a gift in your Will to Rennie Grove Hospice Care, please contact our Gifts in Wills team using the details below.