Legacies Around £150 of every £1000 received by charities comes from a legacy. Leaving a legacy gift can ensure you help others for years to come. Before you decide if this is right for you, answers to the following questions may help. Will my legacy be well spent? We are a local charity covering the county of Worcestershire. All funding contributes to supporting carers in the county. Do I have enough assets? A gift from you, no matter how big or small, can make a huge difference to carers in Worcestershire. Who should write my Will? You should seek legal advice. This helps to ensure your Will is legally accurate and that all your wishes are followed. What if I already have a Will? Your solicitor can add Worcestershire Association of Carers to your Will with a written instruction called a codicil. Click here to download the Codicil form Can a gift to charity help me pay less tax? If the assets you bequeath exceed the current Inheritance Tax threshold they will be subject to taxation. The money and assets left in your estate may be subject to Inheritance Tax and it may be an advantage if your family and friends are left gifts below the tax threshold (which is set by the government and is subject to change), so they do not have to pay Inheritance Tax. The remainder of your estate can then be left as a gift to one or more charities, like Worcestershire Association of Carers. Types of legacy gifts There are several ways of leaving a legacy gift to Worcestershire Association of Carers. For example: Pecuniary legacy – a gift of a specified sum Remember, however, that the value of a pecuniary legacy will decrease over time due to rises in inflation so you may wish to review this from time to time or link it to the Retail Price Index to ensure it maintains its intended value. Residuary legacy – a share of your estate A residuary gifts allows you to leave all or a part of your estate to Worcestershire Association of Carers, after all other pecuniary gifts, debts, fees and other expenses have been paid. Non-monetary legacy – a specific gift You could leave a property, work of art, stocks and shares or other valuables as a bequest. Your solicitor can advise on which legacy best suits your needs. If I have left you a gift, should I tell you? It would be really helpful if you tell us that you have included a gift to Worcestershire Association of Carers in your Will. We can keep you updated on how your intended gift can help support carers in the county How do I find out more? Please contact us on 01905 751340 and ask to speak to someone about donations in wills.