How to leave a gift in your will
Making a will is the only way you can be sure your wishes will be followed after you die. It also means less confusion and heartache for your loved ones in their time of grief. If you don’t make a will, part or all of your estate may end up going to people you never intended to benefit because the law will dictate how your estate is distributed.
If you have no next of kin and no will, your estate will pass to the Crown. And if you do have relatives, they may disagree about what should happen with your estate. Your will clearly explains your intentions and ensures they are carried out.
So before making a will you need to make some important decisions about what you wish:
Including your loved ones
Of course your loved ones come first. So you will need to include your children and perhaps nieces, nephews and close friends. You can also provide for your pets.
Including a Charity
If you wish to include a charity you’ll need to decide which one. If you have a favourite, that’s easy. But if you don’t, you can browse through our web site to find a cause that interests you. This offers the perfect opportunity to reflect on what’s been important in your life, or what you’d like to see supported in the future. Click to search the charities on our website.
Who will look after your children?
If you have children under the age of 18 you’ll need to decide who you would like to take care of them if you die before they reach the age of consent.
How would you like your assets distributed?
You’ll need to think about who is to receive what and how. Information about the different ways in which estates can be distributed is given in more detail on the Leaving a Gift to Charity page.
If you have a very complex estate and wish it distributed in a complex manner you will need to seek professional advice.
Who will handle your affairs?
The people who handle your affairs after you’re gone are called executors. They can be professionals, friends, family members or any combination of these. It’s usual for two people to share the task of executing your will.
Gifts can be anything you own including specific items, money, property or a percentage of your estate.
What funeral arrangements you would like
Your will also offers the opportunity to say what you’d like to happen at your funeral. This can greatly help your loved ones in their time of grief.