LEAVE A GIFT IN YOUR WILL

Many people choose to remember the important work of local charities by leaving a gift in their will.

By leaving a gift to Ellie’s Haven after you have gone, you can help us with our continued work to support families with children suffering long term and life limiting illnesses.

You may wish to leave a gift to cover all aspects of the work we do or choose specifically how you wish your donation to be spent; be it for the purchase of specialist equipment, to help fund a stay, to assist with the upkeep and improvement of our accommodation or to ensure we can continue to raise awareness of the work we carry out.

How a gift can impact our work

£1,000 will cover the costs of providing a week’s holiday for a family in desperate need of a break
£500 - £10,000 will pay for a piece of specialised equipment, helping families to have a more relaxing holiday
£50,000 will pay for Ellie’s Haven’s running costs for a year.

We fully understand that leaving a gift is an important decision and we encourage you to think about these things in your own time keeping your family in mind as well.

Please see our page on Legacies for government advice.

What now follows is a guide on making a Will from GA Solicitors. Should you need further advice please contact Matthew Rose, Partner, GA Solicitors, 25 Lockyer Street, Plymouth, Devon PL1 2QW 01752 292566 or via: Matthew.Rose@GAsolicitors.com

GA Solicitors' Guide to Making a Will

What do I need to consider when making a Will?

Firstly, you should spend time considering who you want to benefit from your estate when you die (your beneficiaries) and how they should benefit. You should then think about who will deal with ensuring your estate is dealt with (your executors).

You should also consider the tax consequences of how your Will is written. It’s worth remembering that, not only will a gift to Ellie’s Haven help to support their work, a gift to them could help reduce the inheritance tax on your estate. Gifts to charities are free from Inheritance Tax and in some cases, the rate of Inheritance Tax can be reduced from 40% to 36% by leaving to charity. Speak to us if you want to find out more about the inheritance tax benefits of leaving to charity.

What if I’ve already made a Will?

If you have already made a Will and want to make a small change you can do so by adding a codicil to your existing Will.

Adding a codicil to your Will can be a simpler alternative to making a new Will but it is important that it is prepared correctly so as not to invalidate your Will. Contact us if you are in any doubt about how best to put a codicil in place.

How to leave a legacy in your Will to Ellie’s Haven

Leaving a legacy in your Will to Ellie’s couldn’t be easier. There are two main types of gift you could leave your Will. Speak to us about how best to word your legacy to Ellie’s Haven or show the following wording to your instructed solicitor:

Gift of residue

Some people prefer to leave a share of their estate to Ellie’s Haven after payment of gifts and expenses. This is helpful for those that might be concerned that the size of their estate will decrease in the future as the gift will proportionately decrease with the estate.

Some people like to include Ellie’s Haven as a backup beneficiary, knowing that the charity will inherit their estate in the event of family not surviving them. They will often do this together with leaving a specific legacy (see below).

If you plan to leave a gift of residue then the wording we suggest you use is as follows:

I give the residue/___% of my estate to Ellie’s Haven (Registered Charity Number 1121426) for its general charitable purposes. I direct that the receipt of the Chief Executive or other proper officer of the said charity for the time being shall be a full and sufficient discharge for the said gift.

Specific or Pecuniary Legacy

Others know exactly how much they would like to leave and would rather express that as a specific monetary sum. This helps provide them with certainty that this is the amount the charity will receive.

If you plan to leave Ellie’s Haven a specific legacy then the wording we suggest you use is as follows:

I give the sum of £_____ to Ellie’s Haven (Registered Charity Number 1121426) for its general charitable purposes. I direct that the receipt of the Chief Executive or other proper officer of the said charity for the time being shall be a full and sufficient discharge for the said gift.

One of the risks of making a specific legacy is that the amount you decide on leaving to Ellie’s Haven today will not be of the same value in the future because of inflation. Whilst we suggest you keep your Will under review you might like to speak to us about providing an index-linked uplift to your legacy, protecting it from the effects of inflation.

Thank You

If you are reading this then you are taking the time to consider leaving Ellie’s Haven a valuable donation in your Will. We would like to take this opportunity to thank you for considering this. Although you do not need to tell Ellie's Haven if you decide to leave us a gift it will help us plan for the future if you do.

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Ellie's Haven - Cornwall Ltd. Charity No: 1121426 Registered in England & Wales No: 006345083. Registered address: Plym House, 3 Longbridge Road, Marsh Mills, Plymouth PL6 8LT

Last updated 25th November 2020		Website developed by WesternWeb