Legacies of all sizes are vital for Oakhaven Hospice: they help us to continue providing all our services free of charge. Leaving a legacy in your will is the perfect way to help make a real difference and to leave something of real value to the whole community.
A gift in your Will, of any value, is a way of giving that is an important part of how we continue to develop our extensive range of services, at the Hospice, through the Coates Centre and within our community.
For many people living on a fixed income, retired or with growing families, giving in their lifetime can be difficult. Donating through a gift in your Will (known as a legacy) is an attractive alternative, enabling you to give greater support with a gift from your estate after your death.
It is also a very tax-efficient way of giving, as gifts to charity are exempt from Inheritance Tax. If you pledge at least 10% of your estate to charity, you also will benefit from a lower rate of inheritance tax on the rest.You can choose to leave a gift in the following ways:
- A Residuary Legacy: leaves a percentage or the whole of the residue of your estate, this means Oakhaven would receive the residue of your estate once any debts, expenses, specific gifts and taxes have been paid.
- A Pecuniary Legacy: leaves a specific sum of money to the Hospice
- A Specific Legacy: leaves a named item such as a piece of jewellery or art
Any solicitor can advise you how to either add a Codicil to your existing Will or prepare a new one.
You can also include other instructions within your Will, for example you may wish to request donations to be made to the Hospice instead of flowers.
If you would like to find out more information on Wills and Legacies, please contact Mike Denny on 01590 677311. All conversations will be kept confidential and please do remember that, should your circumstances change your intended gift is not legally binding.
