The 11th-17th September 2017 is Remember a Charity in your Will Week when everyone is encouraged to leave a bequest or legacy to their favourite charity in their Will.
It’s a little known fact that most charities in the UK wouldn’t survive without gifts being left to them in Wills. By remembering your favourite charities in this way, you’re ensuring that their good work lives on.
Ann Farnill, Head of Wills, Trusts and Probate at Tallents Solicitors says:
After you’ve looked after your loved ones in your Will, many people also decide that they would like to leave a legacy to their favourite charity too.
This is a really simple thing to do and our will writing experts can help anyone to do this.
Writing a Will isn’t as complicated as people might think and we have a simple checklist that clients can request, to help them prepare for writing a Will.
If you’ve already written a Will, then you can still leave a legacy to a charity by adding a Codicil.
A codicil is a document used to change a Will that has already been made.
It’s used as a way to make simple additions or amendments to an existing Will like a change in the amount of a gift of money, or the addition of an executor or gift. This is all quite straightforward but problems can occur if you ever want to cancel the Will in the future.
When you cancel a Will which contains a codicil, the codicil does not get cancelled automatically, so when you write a new Will it can create inconsistencies and legal problems. To avoid this, make sure that any new Will clearly states that you are revoking all Wills and codicils previously made.
The legal experts at Tallents can guide you through the codicil-writing process. Just give us a call to set up an appointment at your convenience.