Remember Lennox In Your Will
Gifts in wills are vital to the survival of many charities. Research shows that 35% of British people say they would consider including a gift to charity after providing for family and friends in their will, but only 7% do so. Just a 4% increase would raise a further £1 billion for good causes every year.
Leaving a gift to Lennox in your will is a straightforward, easy and cost effective way to make a huge difference to the vital services we offer. You only need to complete one form to add to your existing Will or include Lennox as a beneficiary when writing a new one.
What information do I need to include?
The most important information to include are our name, address and registered charity number:
Lennox Children's Cancer Fund
First Floor, 1-3 Western Road, Romford, Essex RM1 3LD
Registered charity in England and Wales (1011325)
How much should a leave in my legacy?
A common misconception is that a legacy has to be an enormous sum of money. This is not the case. Of course family and friends must come first in your thoughts. But any legacy left in a will, no matter how small or how large, is important to the charities you support.
What is the difference between residuary and pecuniary legacies?
A residuary legacy is when a person leaves a percentage of their estate to a charity. This means that, however much your estate is ultimately worth, you ensure your loved ones are looked after as well as giving a gift to your chosen charity. It also means you don't have to keep altering your will as your circumstances change.
A pecuniary legacy is a set sum of money. However, we advise that you consult your solicitor on what is best for your particular circumstances.
What if my circumstances change?
One of the great things about a legacy is that it allows you to take account of any changes that may happen to your personal circumstances. With a properly worded legacy, you can be safe in the knowledge that, should your circumstances change, your will automatically takes account of this. So you are able to look after yourself, friends and family while also knowing that you will still be doing something for your favourite charity if there is any money left over after you die.
Will leaving a legacy affect my inheritance tax liability?
Gifts to charities in your will are generally exempt from inheritance tax. If you leave a charitable gift it will be deducted from your estate before inheritance tax liability is calculated.
I live abroad, is there anything I need to consider?
If you own anything abroad we would always suggest that you obtain specialist advice from a solicitor.
If You Already Have A Will...
If you already have a Will, it is important that you keep it up to date.
Updating your Will is easier than you may think. Simply download our codicil form and ask your solicitor to add it to your current Will. This will need the signature of two independent witnesses.
You should always use a qualified solicitor to assist you with this as any change you make yourself may inadvertently invalidate your Will.
By simply adding this short paragraph (clause) to your current Will, you can be sure that the causes that matter to you most, are looked after.
If there are a number of changes you want to make, it may be better to make a new will, which your solicitor can help you with.