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Fundraising Standards Board

Weston Park Hospital Cancer Charity


Important Information

If you would like to leave a gift in your Will to benefit our work it’s really important to include our full charity name and registered charity number:
 
Weston Park Cancer Charity
Charity Registration Number: 1039885

What types of gift can you leave?

There are several ways you can leave a gift in your will to the charity.
 
Residuary gift - once you have looked after your family and friends, this is a gift of the percentage of what's leftover in your estate.
 
Pecuniary gift - this type of gift is a fixed sum of money.
 
A specific gift - you may choose to leave a specific item to the charity such as a house, a piece of jewellery or a car. We will usually wait for the solicitor to sell the item so that it can be turned into funds to support our work

Inheritance Tax

All gifts in wills to charities are tax efficient, which means that any gift you leave to Weston Park Cancer Charity will be deducted from your estate before any tax liability is calculated.
 
To find out more about Inheritance Tax, contact your solicitor or visit the HMRC website.

Glossary of terms

Confused about the legal terms relating to Wills? Please see below definitions;
 
Assets are everything that you own like your home, car, jewellery, savings accounts, investments or anything else of value.
 
A beneficiary is a person or organisation to whom you leave a gift
 
A bequest (also called a legacy) is a gift in a will to a person or organisation.
 
Binding means an agreement or promise that is recognised by law and cannot be broken or changed.
 
Capital includes cash, money held in banks and building societies, premium bonds, unit trusts, investments, property, and includes charitable or voluntary payments made to an individual.
 
A codicil is an additional document, which will be read together with your will.
 
A dependent is a person who depends on you for financial support because they are a child or because they have particular needs.
 
Your estate is everything you own at the time of your death, after all the money you owe has been paid.
 
An executor is a person you officially choose to make sure that the wishes in your will are carried out.
 
A guardian is a person you officially choose to physically look after your children who are under the age of 18.
 
Inheritance tax may be due on your estate but it may be possible to reduce the amount of tax due by leaving a gift to a charity. You will need to seek advice on this from your solicitor or will writer. Any gifts left to a registered charity are exempt from inheritance tax.
 
Intestacy is when a person dies without making a will and the law decides how their assets will be distributed.
 
Liabilities are everything that you owe like your mortgage, loans and debts.
 
Probate is the official proof that executors apply for in court to show that a will is valid.
 
Residue is what is left of your estate after all your debts have been paid and gifts in your will have been made.
 
A trustee is someone who is appointed to manage a trust.
 
A Will is a legal document that gives instructions about what should happen to your money and possessions after you die. It must be signed, dated and witnessed by 2 people.

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