Jessica from Adams & Remers have written this blog post for us for Make a Will month about gifting to a charity in your Will, why should you do it and how it helps fund local community hospice care from St Peter & St James Hospice in Mid Sussex.
We’re delighted to team up with St Peter and St James Hospice to support Make a Will Month.
If you don’t have a Will, now is the time to get one in place. When considering your Will, think about making a gift to a charity. It’s simple to do and will make a huge difference to the beneficiaries.
Why should you make a Will?
Only 45% of the adult population in the UK have a will. A Will is your chance to decide what should happen to your property on your death and who is to inherit what you leave behind and how.
A Will also allows you to decide who benefits from your estate, who acts as your executor, who looks after any minor children and who acts as your trustees.
Without a Will, your estate is subject to the rules of intestacy and this can often result in outcomes that you may not have chosen.
What are the benefits of making gifts to charities in your Will?
Did you know that gifts to charities are tax exempt? If you leave at least 10% of your taxable estate to charity, the Inheritance Tax rate reduces from 40% to 36%. This can make a significant difference to the total that can be distributed to your beneficiaries.
Any gift that you leave to St Peter & St James Hospice helps to fund local hospice care in Mid Sussex, both based on the ward at the Hospice or in people’s homes. Did you know that 1 in 4 of their patients are cared for by gifts in Wills? St Peter & St James Hospice provide care to around 3000 people per year, via their in-patient unit, community nursing, counselling, welfare and befriending services.
We’d be delighted to help you arrange a Will for the first time or to add a gift to St Peter & St James Hospice to your existing Will.
~ Jessica Gisby, Private Client Solicitor
Contact Adams & Remers:
Trinity House, School Hill, Lewes BN7 2NN
Telephone: 01273 480616