Leaving a legacy to Harlington Hospice is totally free of Inheritance Tax. The value of your estate for tax assessment is reduced by the value of the gift, so the tax liable can be reduced or even eliminated.
If you plan to remember Harlington Hospice in your Will, you should seek the advice of a solicitor (we are able to recommend a reliable and reputable company). If you already have a Will, it is easy and cheap to amend it.
There are a number of ways that you could leave a Legacy - the three major ones are set out below, together with suggested wording:
A pecuniary Legacy is one that specifies an amount of money. It is simple and straightforward but makes no allowance for inflation. The following suggests a suitable wording for a pecuniary legacy:
"I GIVE the sum of £......(-in words - pounds) free of tax to Harlington Hospice Association (Registered Charity 1099332) of Lansdowne House, St Peter's Way, Harlington, Middlesex, UB3 5AB for its general purposes and I DECLARE that receipt from the Treasurer or other proper officer for the time being of the Charity shall be a good discharge for the gift."
A specific legacy enables you to leave something of value to Harlington Hospice Association, which can be used by the Charity appropriately. The following suggests a suitable wording for a Specific Legacy:
"I GIVE my ...........to Harlington Hospice Association (Registered Charity 1099332) of Lansdowne House, St Peter's Way, Harlington, Middlesex UB3 5AB for its general purposes and I DECLARE that receipt from the Treasurer or other proper officer for the time being of the Charity shall be a good discharge of the gift."
A residuary Legacy is when you leave the balance of your estate to Harlington Hospice Association after everything else is taken care of. The following suggests a suitable wording for a Residuary Legacy:
"Subject to the payment of my debts, funeral and testamentary expenses, legacies and all tax payable from my estate, I GIVE all my real and personal property whatsoever and wheresoever situated not hereby or by any codicil hereto specifically disposed of (including any property over which I may have a general power of appointment or disposition by Will) to Harlington Hospice Association (Registered Charity 1099332) of Lansdowne House, St .Peter's Way, Harlington, Middlesex, UB3 5AB for its general purposes absolutely and I DECLARE that receipt from the Treasurer or other proper officer fro the time being of the Charity shall be a good discharge for the gift."
Thank you for considering the inclusion of Harlington Hospice in your Will. If you would like to talk to somebody further about the work of the Hospice and how you could help, please call 020 8759 0453.
We are not able to advise further on any legal matters relating to the leaving of a legacy as such advice should come from an independent solicitor or other professional adviser.