A Will is one of the most important documents in your life, ensuring your wishes are carried out.
A Will is one of the most important documents to have. It’s legally binding, making sure the people you care about are taken care of and your wishes are honoured. Having a valid, up-to-date Will makes it easier for your loved ones to take care of your estate, knowing that they are acting on your directions.
Watch: Solicitor Lynn Wicks addresses the different reasons why it’s important to have a valid, up-to-date Will.
Making and updating your Will is a lot more straightforward than you may think. What’s more, it doesn’t have to be expensive either. Find out more about how Alzheimer’s Research UK can help on our Will-writing offers page.
To make sure that your wishes are reflected accurately, it’s important to think about what you have and who you would like to benefit. It’s best to make a list before you visit your solicitor. You can download our Will planner here to help guide you.
The other aspect to think about is who you would appoint to ensure your wishes are followed through. Wills refer to these people as executors. It’s usually recommended that you have two executors, but you can appoint as many as four if you want; they just have to be over 18 years of age. If you’d rather not ask family or friends to do this, many solicitors also offer this service. Just be aware that they charge a fee, which is usually a percentage of your estate and paid after you pass away. It can be anywhere between 1% and 5% of the value of your estate, depending on how complicated administering your estate is.
Leaving a gift to charity
Gifts in Wills provide a vital source of income for many charities. At Alzheimer’s Research UK, they make one in three of our groundbreaking research projects possible, accelerating tomorrow’s vital breakthroughs to protect our children, grandchildren and future generations from the fear and heartbreak of dementia.
After you have looked after your loved ones, we would be very grateful if you would consider supporting Alzheimer’s Research UK with a gift in your Will. We believe that research is the answer to one of our biggest medical challenges: dementia. Gifts like these provide hope for future generations of a world free from dementia.
Just like leaving gifts to your family and friends, you really can leave anything to charity. Wills use specific terminology for different types of gifts:
- Residuary gift – this is a percentage of the remainder of your estate after all your set gifts and any debits including Inheritance Tax have been paid. For example, you may choose to leave 1%, 10% or even 100% of the remainder of your estate to charity.
- Pecuniary gift – this is a specific value in cash, such as £500, £5,000, £50,000. The value of your gift may be affected by inflation.
- Specific gift – this is a particular item, such as a house, jewellery or a car.
- Conditional gift – this is a clause which you could include to allow for unforeseen circumstances. For example, you may wish to leave part of your estate to charity in the event that the intended beneficiary passes away before you do.
To include Alzheimer’s Research UK in your Will, you just need our charity name, address and registered charity numbers. The following is some suggested wording to ensure your gift is valid:
I leave ___________ to Alzheimer’s Research UK, of 3 Riverside, Granta Park, Cambridge, CB21 6AD; registered charity numbers 1077089 and SC042474, for its general charitable purposes absolutely.
A guide to making or amending your Will
This guide explains what’s involved in making or updating a Will, as well as highlighting things to consider if you or a loved one have dementia. And if you believe, like we do, that research can bring about life-changing breakthroughs – you can find everything you need to know about supporting Alzheimer’s Research UK with a gift in your Will.
This page, factsheets and videos are for information purposes only and do not constitute personal planning for the future advice. Alzheimer’s Research UK always recommend you seek independent advice from a solicitor or tax advisor to meet your personal needs. Alzheimer’s Research UK will not accept liability for any loss, damage or inconvenience arising as a consequence of any use of or the inability to use any information on this website.