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Leave a Gift in your Will

Introduction

Leaving a gift to us in your Will is a lasting way to help us support those affected by blood cancer. We receive many types of gifts in people’s Wills, and we’re so grateful for every single one.

A gift in your will for Leukaemia CARE can help your family, friends and even people you will never know.

 

Thinking about your Will

Making a will doesn’t have to be difficult or expensive. A Will is an opportunity to reflect your wishes and there will be many different things to think about. Here are some of the things to consider.

1. Review it every few years

Your Will should keep up with and reflect changes in your family and circumstances. Ideally, you should review it every three years but certain events may mean that reviewing your Will becomes vital. This includes:

Don’t put off making changes to your Will. An out of date Will can be as bad as no Will at all.

You can make small changes by adding a note to your existing Will - this document is called a codicil. However, if the changes are more significant it might be better to write a new Will.

2. What matters to you?

Writing a Will allows you the opportunity to shape the future and think realistically about the things and people that are important in your life. This may mean setting money aside to help family members or giving a gift to support the work of a charity such as Leukaemia CARE.

3. Take care of the important things

Your Will allows you to make provision for things that matter to you when you are no longer here. A Will allows you the chance to say what kind of funeral you would like, or who you want to look after your pets when you die.

4. Leave your legacy

Simply telling your family what you’d like to happen when you pass away is not always enough. If it’s not in your Will, it may not happen. A properly drafted Will is a legally binding document and avoids possible misunderstandings or disagreements. This means you will be remembered as you want to be.

 

How to make a Will

Using a Wills and probate solicitor is the easiest way to make a Will. There are a few standard things a solicitor will ask you so you will need to be prepared:

1. What do you own?

Your estate is everything you own and is what you can ‘give away’. It’s a good idea to list everything you own that have value or sentimental importance. This includes property, house contents, cars, valuable items, bank and building society accounts, shares and pensions.

2. Do you have debts?

Any money or debts you owe will be paid from your estate before gifts are given.

3. What kind of gift do you want to give?

There are several types of gift you can give:

1. Residuary gift - a gift of the remainder of the estate after all other payments have been made and debts cleared.

2. Pecuniary gift - this is a gift of a fixed sum of money.

3. Specific gift - a particular named item left as a gift in your Will, for example, a piece of jewellery.

4. Contingent bequest - this depends upon the occurrence of an event which may or may not happen. An example is a gift to a charity which applies only if other beneficiaries named in the Will die before the person who made the Will.