Making a Will is an important way to secure the future of your family and friends and ensure that your wishes are taken into account.
Leaving a legacy to The PSP Association
After providing for family and friends you may wish to leave a to The PSP Association in your will. This is known as a legacy and is a wonderful way of supporting our work. It is very straightforward to arrange and is exempt from inheritance tax.
To make a will we strongly recommend that you seek the help of a professional who is properly qualified such as a solicitor.
You should not try to write your own will or use someone who is not properly qualified.
Only you know what you would like to happen to your estate and only a person with the correct qualifications will be able to make sure that there is no opportunity for misinterpretation. A will is one of the most important documents you will ever sign.
Why is it important to make a will?
- A valid will is important to make sure all of your wishes are honoured. Telling those close to you about your wishes is not enough.
- If you are married or living with someone and die without a will, you cannot assume that your partner will automatically inherit everything.
- An unclear will can result in wrangles and legal costs that will eventually eat into the value of your estate, causing unnecessary additional heartache to those you leave behind.
Making a will is straightforward
A simple will should cost in the region of £100 when drafted by a solicitor.
If you need help to find a local solicitor The Law Society will be able to assist or telephone +44 (0) 20 7242 1222.
If you have already made a will and would like to add to it or amend it to include a legacy, this can be done easily through a ‘codicil' which your solicitor will help you write.
There are different types of legacy, but the most popular ones are:
- Residuary legacy: Usually shown as a percentage of what is left over after all of your wishes have been carried out and debts cleared. This type of legacy rises with inflation and is the best way to leave a gift for a charity.
- Pecuniary legacy: A specified amount of money.
- Specific legacy: A gift that can be in almost any form e.g. house, land, jewellery, paintings, car, etc.
- Contingent gift: A gift that has certain conditions attached.
- Reversionary legacy: A gift of property subject to a prior interest. For example, a house that is left to someone to enjoy in their lifetime but when they die it is passed on to the charity.
Leaving a legacy to The PSP Association in your will is straightforward, and is exempt from inheritance tax.
Don't forget from time to time circumstances change so it is essential to review your will to ensure it is still relevant. For example, you may wish to update it, if you marry, divorce or if children or grand children are born.
Keep your will safe
A lost will is no use to anyone. After you have written your will you can leave it with a solicitor or bank for safe keeping. Alternatively, and for a small one-off fee of around £15.00, you can deposit it with:
The Safe Custody Clerk
Probate Department
High Court of Justice
First Avenue House
42 - 49 High Holborn
London. WC1V 6NP.
Telephone to request an information pack and the special envelope in which to place your will.
How a legacy to The PSP Association will make a difference
Whatever the value of a legacy it will make an enormous difference to The PSP Association and more importantly to people living with this devastating disease, their families and carers. Legacy gifts give us a secure financial base and not only allow us to continue our vital work but also develop and grow. A legacy will also help us invest more into the research that will hopefully one day find a cure.
Your gift will:
- Help us to recruit more PSP Nurse Specialists across the UK.
- Expand the network of Local Support Groups and make them accessible to many more people.
- Allow us to raise awareness of PSP amongst health and social care professionals.
- Invest in research to find the causes, treatments and a cure - and strengthen our fight for a world free of PSP and CBD.
If you would like to discuss any aspect of leaving a legacy to The PSP Association or would like further information please contact on .
If you have already remembered The PSP Association in your will and would like to let us know, you can do so by contacting Lis Nunn as above.