FAQs about leaving a legacy
- Why should I make a will?
- Is it tax efficient?
- Where do I start?
- Updating an existing will
- What are the ways I can include Adoption UK in my will?
- Where can I get more information?
- What will my solicitor need to know?
- Who can I speak to at Adoption UK about leaving a gift in my will?
Having a valid, up-to-date will is the best way to ensure your loved ones will be looked after in the way you choose. Otherwise, if you die intestate (without a will), the law decides how your estate is divided.
A legacy to a registered charity is free from Inheritance Tax and could reduce your overall Inheritance Tax liability if this applies to your estate.
When you decide to write, update or add a codicil to your will you can write it yourself or work with a solicitor or will writer to prepare one. Unless your affairs are complex it need not be expensive and you will have the peace of mind that comes with knowing your wishes are clear.
If you use a solicitor they will be able to advise you on legal aspects, the different ways in which you can make sure all your beneficiaries are provided for - including leaving a donation to a charity - as well as ensuring that the will is correctly drawn up in law.
There may be changes in circumstances as well as a change of heart that can affect your will. The majority of minor changes can be covered by adding a codicil (an addition or alteration to a will). A legacy gift to a charity can be added to an existing will by codicil. The codicil must be signed and witnessed and should be kept with the will.
There are several different ways to include a donation to Adoption UK in your will:
- Residual donation - leaving a percentage of the residue of your estate after all dependants have been provided for.
- Pecuniary donation - by leaving a specific sum of money, which can be index linked to preserve its value.
- Specific donation - by deciding to leave part or all of your estate to Adoption UK; a property, stocks or shares or items of value such as jewellery or paintings.
- Basic information about making a will is provided by the Citizen's Advice Bureau.
- Contact your family solicitor.
- Visit Remember A Charity to find your nearest solicitor or will writer.
Your solicitor will need to know the following details:
Charity name: Adoption UK
Charity address: Units 11 and 12, Vantage Business Park, Bloxham Road, Banbury, OX16 9UX
Registered charity in England and Wales (1160647) and in Scotland (SC037892).
If you would like to find out more about leaving a gift or legacy to Adoption UK in your will, please contact Fundraising:
Telephone: 01295 752240
Units 11 and 12
Vantage Business Park