Menu

Gifts in Wills

Gifts in wills

St Richard’s Hospice – caring for our future

For over 30 years, St Richard’s Hospice has provided high-quality care and support for patients with life-threatening illnesses. Through our Community Nursing, In-patient, Day Hospice and Family Support services, our specialist care teams reach over 2,600 patients and their loved ones in Worcestershire each year.

Our goal is to enable each person we encounter to live every day to the fullest. However, each year, the needs of our community are changing; people are living longer, but often with multiple diagnoses, so we must ensure that our care is available and accessible to a growing number of patients with more complex conditions. As a charity, all of our special services are provided free of charge. Less than 30% of our hospice costs are contributed by the NHS; this means that we rely on the generosity of our community to enable us to be there for patients and their families when we’re needed the most.

Why a gift in your Will matters to St Richard’s Hospice

Gifts in Wills are absolutely vital to the care we provide; 1 out of every 7 patients’ care is paid for through these significant, thoughtful gifts. These special legacies mean that we can plan and build our services to reach more local people. A gift in your Will can help us ensure the future of St Richard’s Hospice care – the care we would all want for our loved ones and the care our community deserves.

Gifts in Wills infographWhy do I need a Will?

A Will is a very important document that ensures those you care about are provided for after your death. Without a valid Will, a person’s estate is said to be ‘intestate’ and can mean that the specific wishes you may have for your family or loved ones are not carried out.

Who can help me make sure my Will is valid and accurate?

An experienced solicitor can ensure that your Will is valid; they can also help you make any changes you might wish to an existing Will. Each year, St Richard’s holds Write a Will month, where local solicitors generously donate all of the associated fees to St Richard’s. You can find out more here: www.strichards.org.uk/event/write-a-will

What about Inheritance Tax?

Your beneficiaries will need to pay Inheritance Tax if your estate is over a certain value; in this case, 40% will be taken from the portion of your estate that is over the threshold. Gifts to charities are exempt from Inheritance Tax and the value of your estate is calculated after the value of gifts like these are deducted. For more information, please visit the HMRC website: www.hmrc.gov.uk/inheritancetax

 

What kind of gift can I leave to St Richard’s?

There are several kinds of gifts you can leave in your Will. Each gift is special to us and ensures that we’re able to provide the very best care and support to those in need, today and into the future.

A specific gift:

This type of gift is usually something like property or a specific item, such as an antique or piece of jewellery.

A gift in trust or ‘life interest’:

If you like, you can leave a gift for use over a specific period of time. After that time has passed, the gift could then be passed on to other recipients, such as a charity.

A cash gift or ‘pecuniary gift’:

This is when you leave a beneficiary an exact sum of money.

A share of your estate:

After you’ve provided for your loved ones and taxes have been paid, you could leave a share, or the remainder of your estate to St Richard’s. This means that your estate is passed on to those you care about as well as supporting hospice care into the future.

Including a gift to St Richard’s in your Will is easy……

There are a number of options when writing a will but we always recommend consulting a solicitor. If you are making a will for the first time , simply make an appointment with your chosen solicitor. They will need St Richard’s registered address and charity number which is:

St Richard’s Hospice, Wildwood Drive, Worcester, WR5 2PQ
Registered charity number 515668

Codicils are a way of giving a gift to St Richard’s without amending your existing Will. If you already have a Will and decide to leave a gift to St Richard’s, your solicitor will advise you on the best way to do this.

Download CODICIL Wording

gifts-in-wills3 Tricia Cavell, Fundraising Director

If you would like to discuss leaving a gift in your Will please contact our Fundraising Director, Tricia Cavell on 01905 763963, email tcavell@strichards.org.uk

Read our Gift in Wills leaflet