Writing your will: FAQs
Writing your will is an opportunity to make sure that the people you love are taken care of. But it's also your chance to do something exceptional for vulnerable children.
Do I need to use a solicitor to write or amend my will?
We recommend you consult a solicitor to make sure that all the legal formalities are covered and that your will is valid. The cost of the solicitor will vary depending on how complex your will is.
The Law Society can help you to find a solicitor in your area. For more information, call 020 7320 5650 or visit www.lawsociety.org.uk.
You can also choose to write your will in November, which is Will Aid month, using a solicitor who is participating. Instead of paying a fee, you will be asked to make a donation to charity.
I'm prioritising my family and friends, can I still leave a gift to Save the Children?
Of course looking after our loved ones comes first. After making sure that they will be provided for, it is stll possible to support vulnerable children around the world with a gift in your will.
Are there different types of gifts that I can leave in my will?
Yes, there are three types:
- A Residuary Legacy is a percentage or share of the balance of your estate once all other payments and gifts have been made. A lot people prefer to give a residuary gift because it keeps in line with inflation and does not lose value over time.
- A Pecuniary Legacy is a fixed amount of money.
- A Specific Legacy can include specific items like personal possessions, land or shares.
Are there any tax benefits if I leave a charitable gift in my will?
In the UK, inheritance tax is currently paid to the government at a rate of 40% if your estate is worth more than £325,000. However, the rate might be reduced to 36% if 10% or more of your estate is left to charity.
Most gifts left to Save the Children are exempt from inheritance tax because we are a charity. You can find out more by contacting HMRC or a solicitor.
Can a gift in my will really make a difference to Save the Children?
Every single gift has a huge impact - whether it covers the cost of a single vaccination or the construction of a new school.
A gift in your will could save children's lives.
What information do I need to include when leaving a gift to Save the Children?
Please include the following information:
- Charity name: The Save the Children Fund
- Address: 1 St John’s Lane, London, EC1M 4AR
- Registered charity number: England and Wales (213890) and Scotland (SC039570).
Need more information?
If you have any questions, please contact our friendly Gifts in Wills team on 020 7012 6400 or email us at firstname.lastname@example.org.
Last updated: March 2017.