Some of our vital income comes from people leaving gifts to us in their Will. For instance, a gift left to Brian House Children’s Hospice in 2011 helped secure much-needed funding for a Multisensory Room, where sound, lights, a waterbed and tactile toys stimulate our children’s senses, allowing them to play and learn in a safe and exciting environment.
Your gift to us
Other gifts have helped us develop new projects and services. For example our Linden Centre, which offers bereavement support, is built on land generously given to us in a legacy.
Just as important is the way that legacy gifts help pay our day to day running costs – things like our utilities bills, our insurances and all the regular expenses we incur.
We can tell you more about how to remember Trinity in your Will. If you would like to help in this way please contact us, in confidence, by calling 01253 359362.
Types of legacy gifts
There are several ways of leaving a legacy gift to Trinity. For example:
Pecuniary legacy – a bequest of a specified sum
A gift of a fixed sum of money. Remember, however, that the value of a pecuniary legacy will decrease over time due to rises in inflation and would probably need to be reviewed or linked to the Retail Price Index to ensure that it maintains its intended value.
Residuary legacy – a percentage of your estate
A residuary gifts allows you to leave either all or a percentage of your estate to Trinity, for example property, shares and bank accounts, after all other pecuniary gifts, debts, fees and other expenses have been paid.
Non-monetary legacy – a specific gift
You could leave a property, work of art, stocks and shares or other valuables as a bequest to Trinity.
Your solicitor can advise on which legacy best suits your needs.
Leaving a legacy – your questions
Who should write my Will?
You should use a solicitor when writing your Will. This helps to ensure your Will is legally correct and that all your wishes are followed.
What if I already have a Will?
No problem. Your solicitor can add Trinity to your Will with a written instruction called a codicil.
Do I have enough assets?
It’s a myth that you must be wealthy to leave a gift to a charity in your Will – nothing could be further from the truth! After taking care of family and friends, you’ll be amazed at how one final gift, no matter how big or small, can make a difference to patients and their families.
Can a gift to charity help me pay less tax?
The money and assets left in your estate may be subject to inheritance tax and it may be an advantage if your family and friends are left gifts below the tax threshold (which is currently £325,000), so they do not have to pay inheritance tax. The remainder of your estate can then be left as a gift to one or more charities, like Trinity Hospice.
If I have left you a gift, should I tell you?
It would be really helpful if you tell us that you have included a gift to Trinity in your Will. We know we don’t need to approach you again, and we can keep you updated on how your intended gift can help support the hospice.
How do I find out more?
Please call our Fundraising team on 01253 359362 or email firstname.lastname@example.org