Leaving a Legacy
Leave a gift to Lindsey Lodge Hospice in your will and you will help make a huge difference to the lives of people helped by Lindsey Lodge every year. You gift need not be a large one as we appreciate all donations.
Without such generous commitments we would not be able to have developed the facilities and services that we have.
1. What is a legacy?
A legacy or bequest is the term used to describe a gift in a Will. As a registered charity, Lindsey Lodge is exempt from tax, so your gift would be realised in full. The registered address for Lindsey Lodge hospice is Burringham Road, Scunthorpe, North Lincolnshire, DN17 2AA. The registered charity number is 702871.
2. Why bother with a Will?
Making a Will is extremely important. Unless you do, you have no way of knowing how your wishes will be carried out when you die, whether you are male, female, single, married, in a long term relationship.
Your survivors - family, loved ones and friends -may well experience difficulties as they are left to decide on your behalf. If you have no family, everything you have will be divided by law and not by your wishes.
You may already have a Will, but when did you last review it? Have you updated it so that all your loved ones are considered? Did you know that you can leave a gift to charity and that this may help reduce inheritance tax?
Many people put off making or changing a will, feeling daunted by the prospect of legal costs. It can be very straightforward and is not as expensive as many people think.
Drafting a Will and changing an existing Will is not difficult. A visit to a solicitor will ensure that your beneficiaries will inherit according to your wishes. The solicitor's fee for drafting a will is not expensive.
3. Making your Will
When making a Will, once your loved ones have been considered, please think of future hospice patients by including a legacy to Lindsey Lodge Hospice. The most common approach is to ask a solicitor or Willwriter to draw up a Will according to your requirements.
You can write your own Will, as long as it is properly witnessed. However you risk making mistakes and causing difficulties for survivors. You can also make a Will on the internet using one of many websites, with you creating the Will and a solicitor checking it on-line.
If you'd like advice about making and changing your will online just click here to visit The Will Site.
4. Changing your existing Will
You can change an existing Will by making a codicil. A codicil is an addition to a Will that states any changes you wish to make. A codicil requires specific wording and must be witnessed but can easily be made by a solicitor. Adding a codicil to your existing Will may be a simple way for you to leave a legacy to Lindsey Lodge Hospice.
Wording for a codicil: "I give, devise and bequeath to Lindsey Lodge Hospice, Burringham Road, Scunthorpe, DN17 2AA the sum of £ (pounds) for its general charitable purpose and I declare that the receipt of the Secretary or other proper officer shall be a good and sufficient discharge therefor."
If you are making significant changes, it is advisable to make a new Will. The new Will should start with a clause stating that it revokes all previous Wills and codicils.
Many people choose to make donations in place of flowers at the funeral of a loved one who has been cared for here at Lindsey Lodge. You may wish to state this in your Will or discuss with likely executors.
5. How to Remember Lindsey Lodge Hospice in your Will.
There are several different types of bequest that can be made:
5.1. A PECUNIARY LEGACY is the gift of a fixed sum of money. It can be indexed linked to protect its value.
WORDING FOR A PECUNIARY LEGACY
"I give, devise and bequeath to Lindsey Lodge Hospice, Burringham Road, Scunthorpe, DN17 2AA the sum of £ ( pounds) for its general charitable purpose and I declare that the receipt of the Secretary or other proper officer shall be a good and sufficient discharge therefor."
5.2. A RESIDUARY GIFT is the remainder of your estate, or a percentage of it, after all bequests have been made and any debts, taxes and expenses paid.
WORDING FOR A RESIDUARY BEQUEST
"Subject as aforesaid I give, devise and bequeath to Lindsey Lodge Hospice, Burringham Road, Scunthorpe, DN17 2AA the whole [or a share (e.g. one quarter or 25% )] of my residuary estate for its general charitable purpose and I declare that the receipt of the Secretary or other proper officer shall he a good and sufficient discharge therefor."
5.3. A SPECIFIC BEQUEST is the gift of a particular item such as jewellery or artwork.
5.4. A CONDITIONAL BEQUEST states what should happen if either the beneficiary were to die before you, or where a gift will only come to the final recipient after a beneficiary's death. It is a common way of donating money to charity.
We strongly suggest that for specific, conditional and other forms of bequest you consult a solicitor. If you have already made a will it is very easy to add a charitable legacy to it. Your solicitor will help you draw up a simple amendment (or codicil). Many people use the opportunity for a general review of their will anyway.
5.5. A REVISIONARY BEQUEST (Liferant) is where a legacy is left to a relative or friend (life tenant) for them to benefit from during their lifetime. For example this can be in the form of a house, or the interest on a trust fund (life interest). After the life tenant's death, the life interest is then passed on as a legacy to the charity:
Letters of wishes or intent
If this information scares you or you do not wish to spend time with a solicitor or pay legal costs you can write your wishes on a piece of paper and entrust it to someone you know will honour your wishes. These documents are not legally binding and could be ignored or challenged by family members. However if you sign date and get it witnessed by someone outside your family it is then considered to be a will.
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Runners and artists required!
Sunday October 3rd sees two very different activities that will benefit Lindsey Lodge....
22 Sep 2010
Tea & Tunes, All Saints' Church, Winterton. 2-5. All welcome. Free admission - just turn up. Contact Maralyn on 07715273401 for more info.
26 Sep 2010
Deepdale Sponsored Walk. Approx 5 miles circular walk from Deepdale Farm, near Barton upon Humber. 11-12 noon. For more info call Chris on 01652 634853 or Wendy on 01652 633123.
03 Oct 2010
Run the Isle of Axholme half marathon and raise funds for Lindsey Lodge. Click the blue text for more info Isle of Axholme Half Marathon.
03 Oct 2010
Arts in the Garden, Lindsey Lodge. Click the blue text to find out more about
Arts in the Garden.
09 Oct 2010
Country & Western evening with Dave Paisley, Wrawby Village Hall, 8 'til late. Tickets £5 from Jeff 01652628497 or Jenny 01724762481.
26 Oct 2010
Beetle Drive, Vicars Rooms, Barrow upon Humber. 7pm. Tickets £3 inc refreshments. For tickets contact Liz 01469530165 or Anne 01469530003.
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