the-impact-of-a-legacy-gift

The impact of your gift

We believe in a world where everyone has the chance to overcome poverty, knowing that poverty comes in many forms. Your gift will help us continue to help others reach their highest potential.

Whether we are helping people to escape the downward spiral of homelessness or supporting international efforts to eradicate poverty in Asia, Africa, Lebanon and parts of Eastern Europe, if you choose to leave a gift for us, every pound will make a difference through our compassionate service.

In addition to helping those in need, you will receive the gift of a reduced taxable value of your estate.

If you donate some of your remaining estate above the Inheritance Tax nil-rate band (currently £325,000) to HOPE worldwide UK, you will reduce the amount of Inheritance Tax you have to pay.

Types of Legacy Gifts

Percentage of Your Estate

Once specific gifts have been made to friends and family, you could make a legacy gift as a percentage of your remaining estate. This is also known as a ‘residuary gift’.

Cash Gifts

Alternatively, you could leave a specified sum of money. This is also known as a ‘pecuniary gift’.

Specific Gifts

A specific gift is a gift of an item, such as stocks and shares, a personal possession or land.

Gifts in a Trust

Finally, you might decide to leave a gift in a trust and name a charity as the beneficiary of the trust.

What is a will and why should you write one? 

Your will is a legal document that determines what will happen to your estate after you pass away. If you want to ensure that your estate goes to the people and causes you care about, it is important that you write a will.

Leaving a legacy to HOPE worldwide UK

By including a gift to HOPE worldwide UK in your will, you will leave a lasting legacy of hope which will impact the lives of people both here in the UK and across the world.

How to write your will

There are 3 things to consider when writing a will: your chosen solicitor, your executor, and what wording to use for legacy gifting. See our recommendations of law firms who have experience in charity legacies and for a discount on your will.