The importance of making a will
If you care about providing for your loved ones after you have gone, making a will is the only way of ensuring that your wishes are fulfilled.
Many people wrongly believe that their estate will automatically pass to their partner, this is not always true and if you are unmarried then it is certainly not the case.
If you have no will, the law provides for people to be appointed to sort out your estate and divide it among your surviving next of kin, all according to a set formula and under the ‘Intestacy’ Laws.
The people you wanted to benefit may not receive anything. If you have no next of kin, and you have died without a valid will in place, your estate will pass to the Crown.
Making a will does not need to be difficult or expensive. In most cases you will need the advice of a solicitor. If you do not currently use a solicitor, the Citizens Advice Bureau will be able to recommend one. Alternatively ask a trusted friend for their recommendation.
Once you have made a will, your solicitor will hold a copy for safe keeping and you will keep a copy. Make sure you let either your Executors or a trusted person know where your will is kept.
The benefits of a legacy to ACT
A legacy in your will ensures that the fight against cancer in our pets can continue in the future by funding vital research and education. It will benefit future pets by the provision of improved treatments and more specialist facilities. It will provide hope where previously there was little.
There are several ways to include the Animal Cancer Trust in your will:
- Leaving part or all the residue of your estate after your dependants have been provided for and any debts have been paid. This method is the most beneficial to the charity as it automatically keeps up with inflation. Leaving a specific sum of money which can be index-linked to preserve its value.
- Leaving a part of your estate after the death of your partner. This means that he or she benefits from your estate while they live, but after that, part or all of your estate goes to the Animal Cancer Trust. If you already have a will and would now like to include the Animal Cancer Trust, you can ask your solicitor to prepare a short codicil to incorporate your wish. We would be happy to provide suitable wording for your will or codicil if required.
- Your estate may be liable to inheritance tax but any gift you make to a UK registered charity such as the Animal Cancer Trust is exempt. In effect this means that the tax payable on your estate is reduced. Your solicitor will be able to advise you.
If you do decide to leave a legacy to the Animal Cancer Trust in your will, please let us know so that we can thank you.