We are often asked questions when people like you are deciding whether to leave Cornwall Hospice Care a gift. We have put together some of our most frequently asked questions.
Leaving a gift made simple
Why should I make a Will?
If you don’t have a Will, your estate will be divided by law when you die and without family to benefit your estate goes to the Crown or the Duchy of Cornwall. By making a Will YOU ensure that YOU are the one to decide what will happen to everything YOU own.
What gifts can I make?
There are three main types of gift:
A Residuary gift – this is where you can give the whole or a percentage of your estate. Most people make a residuary gift after they have remembered their friends and family.
A Pecuniary gift – is a specific sum of money. Overtime this may decrease in value with inflation
A Specific Gift – is a particular item such as a piece of jewellery or art, or shares for example.
All gifts are important to Cornwall Hospice Care, however residuary gifts usually maintain or increase their value over time and can often allow us to deliver more care.
How will my gift be used?
Your legacy can help someone to live life to the full, living as well as possible for as long as possible.
Sometimes our best care means we support people to die with dignity, surrounded by their family and friends, whilst being cared for by Cornwall Hospice Care’s specialist care teams.
Your legacy will live on with the families, whose lives we touch.
What about my family?
You can leave gifts to your family as well as to Cornwall Hospice Care. Some people think they must choose between leaving a gift to their family or their favourite charity. You can do both. Any gift made to your spouse or civil partner, or to a charity you care about, is tax free.
Do I need a solicitor to make a Will?
We would encourage you to discuss your Will with a solicitor to make sure all the legal requirements are met and your wishes are documented fully. A solicitor can also help reduce the inheritance tax payable on your estate, increasing the value of your assets that you pass on to the people you care about by properly drafting your Will.
I already have a Will, do I need to make a new one?
It is preferable to write a new Will, however, if you already have a Will, it can easily be added to, in order to reflect changing circumstances and update your wishes. A gift to Cornwall Hospice Care can also easily be included at any time. These small changes in your Will can added in a document called a codicil, which is read at the same time as your Will.
Can Cornwall Hospice Care help with your Will?
Unfortunately, Cornwall Hospice Care cannot offer legal advice. We may however be able to assist with simple queries or refer you to a solicitor who supports the hospice through our Make a Will Week. We can also answer any further questions you may have about how we would use your gift.
If you would like to find out more about leaving a gift or legacy to Cornwall Hospice Care in your Will, please contact Debbie Henshaw on 01726 874065 or email email@example.com.