How to leave a gift in your Will
There are a number of different ways you can remember Together for Mental Wellbeing in your Will, depending on your circumstances. It doesn’t have to be a large amount, because every penny makes a real difference to the people we work alongside.
Even if you feel your estate is a simple one, it is advisable to seek professional legal advice when making your Will. They can advise on wording to ensure that your wishes are carried out exactly as you want them to be.
Leave a share of your assets
People can leave us a percentage of what is left of their assets – known as their ‘estate’ after they ensure that their family and loved ones have been taken care of.
This type of gift is known as a residuary gift and is easy to add to an existing Will without interfering with any specific sums you have left to family or friends. It also has the advantage that it will not be eroded in value by inflation over the year.
Wording to use to leave a residuary gift:
I leave my / X share(s) of my residuary estate for Together for Mental Wellbeing, 52 Walnut Tree Walk, London, SE11 6DN, registered charity number 211091 (England and Wales), absolutely for its general charitable purposes and I declare that the receipt of the treasurer or other proper officer for the time being shall be a sufficient discharge to my executors.
Leave a fixed sum of money
You may wish to leave us a stated sum of money. This kind of gift is known as a pecuniary gift.
Wording to use to leave a pecuniary gift:
I give free of inheritance tax £X to Together for Mental Wellbeing, 52 Walnut Tree Walk, London, SE11 6DN, registered charity number 211091 (England and Wales), for its general charitable purposes and I declare that the receipt of the treasurer or other proper officer for the time being shall be a sufficient discharge to my executors.
Leave a specific item of value
You may wish to leave us a particular item (known as a specific bequest), which can be sold to support our work. It could be property or an item of value such as an antique or a piece of jewellery. If you are considering leaving us a specific item, please call us on 020 7780 7300 or email at firstname.lastname@example.org discuss this further.
Changing your Will
The easiest way to make a change to your Will is to use a Codicil (an additional instruction that you can add to your existing Will). A solicitor will be able to advise you of the best way to do this, depending on your circumstances.
Glossary of Will-related terms
|BENEFICIARY||A generic term for any person who benefits under a Will|
|CODICIL||A formal amendment to a Will|
|ESTATE||Everything you own at the time of your death|
|Someone you appoint to carry out the instructions in your Will. Executors are usually family, friends or professional advisors (Solicitor/Bank Manager/Accountant)|
|LEGACY||Gift of personal or moveable property (including cash, shares etc.) in a Will. Someone who receives a legacy is a legatee|
|PROBATE||The application to court after someone dies to prove the Will is valid and which results in authority being granted to the Executors via a Grant of Probate after any tax due is paid|
|RESIDUARY ESTATE||Everything you own at the time of your death less any legacies or devises you have made, your debts, funeral expenses and costs of winding up your Estate|
|TESTATOR||The person making a Will (the female form is testatrix)|
|WILL||A document conforming to certain legal requirements that sets out what you want to happen to your property and the rest of your Estate upon death|
If you have any queries about leaving a gift to Together for Mental Wellbeing in your Will please email email@example.com or call 020 7780 7300