FAQs: Making a gift in your Will

Some useful questions and answers about making a gift in your Will.

Do I need a Will?

Making a Will is very important because it means your wishes are clear and legally binding. You can feel safe knowing your assets and possessions will be distributed as you see fit, reducing the burden for family and loved ones.

Do I need a solicitor?

You can write a basic Will yourself. However, we recommend you seek the advice of a solicitor or will writer to make sure your wishes are legally binding. That way, you know nothing is missed and everything is arranged as you would like.

It typically takes about an hour to do.

What do I need to think about?

Before you visit a solicitor, you might want to prepare by making a note of any money, belongings or debts that you have. You may also like to jot down a list of your family, loved ones and any causes you would like to remember in your Will. Finally, you should think about who you would like to act as your executor.

Why leave a gift in my Will to charity?

It’s often the rich or famous who hit the headlines with a charitable legacy, but anyone can leave a gift in their Will to charity. Whether you choose to leave a few hundred pounds, or a percentage of what’s left after you’ve taken care of your loved ones, a gift in your Will is simply another way to support a cause you care about.

A gift in your Will means your care and support will continue to live on.

I’ve already made a Will. Do I need to make a new one?

If you’ve already made a Will but would like to add a gift to JDRF, you can make minor changes using a CODICIL. Your solicitor will help you to prepare one.

What if I decide to change my mind?

We completely understand, and respect, your decision to change your Will as you see fit. Even if you tell us you plan to leave a gift in your Will to JDRF, it is not legally binding.

What kind of gift could I make to JDRF?

·         A share of your estate or a ‘residual gift’. This is a percentage of what’s left when all other gifts have been made and any outstanding expenses paid. This type of gift is especially important as it retains its value over time.

·         A cash gift or a ‘pecuniary gift’. This is a specific sum.

·         A specific item. This could be an item such as property or shares.

How do I word a gift in my Will?

If you’ve decided to include a gift in your Will to JDRF, you can use the following wording:

‘I leave … to Juvenile Diabetes Research Foundation 9JDRF) of 17/18 Angel Gate, London EC1V 2PT, registered charity numbers 295716 and SC040123’

What about inheritance tax?

It is possible to reduce the amount of inheritance tax you must pay, by making a gift in your Will to charity including JDRF.

As of April 2017, 40% inheritance tax is due on your estate that is above the threshold of £325,000. However, it’s possible to reduce this to 36% if 10% or more is left to charity.

We recommend you confirm the current inheritance tax rules with your solicitor who will be able to advise you.

Still have questions?

If you have any other questions or would like to speak to someone in confidence about making a gift in your Will to JDRF, please contact our friendly legacy manager Hayley Perez on 020 7713 2030 or email [email protected]