Leave a Gift In Your Will

Leave a Gift In Your Will

If you would like to leave a lasting legacy in the community for future generations, leaving Southmead Hospital Charity a gift in your will could be the right choice for you.

Legacy donations are the largest single source income stream for many UK charities and allow the opportunity for the charity to plan their future spending.

You can choose to support an area that is close to your heart and leaving a gift in your will can help to reduce the tax burden on your estate, as a charitable donation of this nature is free from inheritance tax. 

There are a few options available to you, but the most common types of charitable legacies are pecuniary and residuary.

A pecuniary legacy specifies a sum of money or item of value to be donated, whilst a residuary legacy allows you to donate a percentage of the net value of your estate, or the remaining sum after gifts have been distributed to your family or friends.

If you want to leave a legacy gift, you either need to write a will; amend an existing will through a ‘codicil’ which is a separate document that amends the provisions of your will and is generally cheaper than writing a new one; or set up a Trust. To find the option that best suits your circumstances contact your solicitor.

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