Why is it important to include a charitable gift in your Will?
Leaving a gift to a charity is a meaningful way to recognise causes that have been important to you during your lifetime. Additionally, leaving a legacy is an effective way to reduce the overall inheritance tax liability on your estate. If you leave 10% or more of your estate to charity on death, the rate of inheritance tax on the part of your estate that is chargeable will be reduced from 40% to 36%.
If you have already decided to remember us in your will, we would love the opportunity to thank you for thinking of us, so please get in touch.
All donations, regardless of size, are gratefully received. It might be useful to note that one of the benefits of a Will is that you can leave a percentage of your estate rather than a fixed amount. The gift might increase in value over time.
How to leave a gift in your will
Residuary Gift
The remainder of your estate after all your other wishes have been carried out and all expenses relating to your estate have been met.
Pecuniary Gift
A fixed sum of money decided when your Will is written. The value of pecuniary legacies may decrease over time because of inflation.
Specific Gift
A particular named item of value, which could include stocks and shares, property, jewellery or antiques.
Reversionary Gift
Where you give a friend or family member a life interest in your estate. After their death, the remainder of your estate carries over to Nightingale Hammerson or other beneficiary.
Contact your solicitor to draft a Will or add a codicil to your existing one. Nightingale Hammerson does not endorse any legal advisors.
To find out how your legacy can make a huge difference, please contact David in our fundraising department on 07749 417554 or DTerret@nightingalehammerson.org