How do I Make a Will?
Isabel Hospice advises that you contact a solicitor when making your Will. They have the expertise that is needed to help ensure that any problems or disputes can be avoided. Solicitors are regulated by the Solicitors Regulation Authority. To find a solicitor in our area, see the list of solicitors who support the Hospice during Make A Will Week, or please visit The Law Society Website.
Types of gift
A gift in your will can be:
- a specific sum of money or pecuniary legacy
- a percentage share or residuary legacy. You can leave a percentage share, or all of your Estate, after all other payments have been made from it.
- a specific item, such as a personal possession, artwork, jewellery etc.
Once you have made an appointment with a solicitor, there are some simple things you can do to help the process go smoothly...
- Make a list of all your belongings – your Assets – and their approximate value. This includes your house, car, bank accounts, investments, insurance policies and personal possessions that are precious to you.
- Make a list of your liabilities – any money that you owe, including your mortgage, outstanding loans, etc. Your solicitor will advise you on what needs to be included and also on Inheritance Tax.
- Take with you the names and addresses of the people and organisations, including Registered Charity numbers for any charities, whom you want to remember in your Will.
- If you have young children or any other dependants, you can specify in your Will who has agreed to look after them, to act as Guardian, in the event of your death.
- You will need to think about who you want to be your Executor/s. This person/s should be someone you can trust to ensure that your wishes are carried out. They can be a family member or friend, or an accountant or solicitor.
Take this information with you when you go for your appointment. Once your Will has been drawn up, finalised, signed and witnessed, make sure to tell someone you trust where it is kept.
Can I change my Will?
If you feel you would like to add Isabel Hospice to your Will (or any other charity), you can do this easily by completing a Codicil form. The Codicil needs to be signed and dated by you in the presence of two adult witnesses to ensure it is legal. The Codicil will need to be kept with your Will.
What your gift could pay for:
£26 would pay for one hour of specialist nursing at out In-Patient Unit where they feel cherished, safe and cared for
£130 would pay for a home visit by a Clinical Nurse Specialist
£628 would pay for a day’s care in our In-Patient Unit
£854 would pay for the daily cost of our Family Support Service
£3,000 would pay the running costs of our Clinical Nurse Specialists for a day, so they can visit patients in their home, providing specialist knowledge, information and expert advice