How to leave a gift in your Will
More people like Jean are surviving cancer right now thanks to gifts in Wills
To find out more about leaving a gift in your Will, request our simple guide today. Inside you will find useful tips on the types of gift you can leave, who can help you write your Will and who to contact to take the next step.
Thank you for considering leaving us a gift in your Will. We really appreciate you taking the time to consider supporting in this way.
By leaving a gift to Cancer Research UK in your Will, you’ll be joining our researchers, scientists, nurses and other supporters who have also made a pledge to beat cancer.
Your Will is one of the most important things you’ll ever write, and we can help you with the process of making or updating a Will.
Here are 3 steps to get you started
3 steps to making your Will
List what you own
Think about everything you own (your estate and assets) and who you’d like to be your executor. Our Will planner may be helpful.
Plan who you would like to include
For many people loved ones will come first, but we also hope you’ll consider leaving a gift to a charity like Cancer Research UK. With your help, we will write an end to cancer.
Decide who will write your Will
We would always recommend using a solicitor to write your Will to ensure all legal formalities are carried out correctly, and your Will is written and witnessed in a valid way.
3 steps to updating your Will
Prepare your information
It’s important to keep your Will up to date. If your circumstances have changed, it may be a good time to review your Will to make sure it still reflects your wishes.
Review who you would like to include
For many people loved ones will come first, but we also hope you’ll consider leaving a gift to a charity like Cancer Research UK. We receive no government funding for our research, so gifts from people like you make everything we do possible. With your help, we will write an end to cancer.
Decide who should write your Will
Depending on the significance of the changes you’d like to make to your existing Will, it may be possible to use a codicil to make your amendments. A solicitor can advise on the best course of action.
Inheritance Tax Relief
Currently, if your estate is worth more than £325,000, the executors of your will may have to pay inheritance tax at 40%. A way of reducing this bill is to leave 10% or more of your estate to charity as you may then qualify for a reduced rate of inheritance tax (36% rather than 40%) giving you more control over your own money.
You can calculate your predicted inheritance tax liability, and how this can be reduced with a gift to charity using the government’s inheritance tax calculator.
Inheritance tax can be complicated, so if you think that your estate might need to pay it, it makes sense to get professional advice.