Legacies

Leaving a Gift in your Will

Our foremost thought is to ensure the security of our loved ones and friends, but we hope that you may also spare some time to think of Charlie House and remember us in your Will.

Why Making A Will is Important 

What does the future hold? No one knows, but anything can – and unfortunately does – happen. That’s why it is so important to make a Will. It is the only way you can guarantee that your family, friends and favourite causes get what you want from your Estate. If you die without making a Will you have no control over where your Estate goes after your death. Your special gifts to relatives and charities, like Charlie House, may be lost if you die without making a Will. As life changes you may decide to leave a gift to a deserving cause that has made an impact. It is important to keep your Will updated to reflect your decisions.

Tax Relief on your Estate

Any gift, however big or small will ensure that Charlie House can be established and deliver support to children with complex disabilities, medical needs and life-limiting conditions and their families in the future. Your generous gift may also help to reduce the inheritance tax liability on your Estate.

For example, if your estate is worth more than £325,000* it will be liable to inheritance tax at 40%. The tax will be paid before your beneficiaries receive their gifts. You can reduce or avoid this tax if you leave your Estate or part of it to an exempt beneficiary. Gifts to charities are usually exempt from inheritance tax, the value of the gift is deducted before calculating your Estate for Inheritance Tax. A charitable gift could therefore bring the value of your Estate below the Inheritance Tax threshold with potentially little effect on the amount of gifts to your other beneficiaries.

If you would like to leave a legacy, please contact your solicitor for advice.

 

*correct at February 2013