Ways you can leave a gift to The Horse Trust

If you wish to leave a gift to charity when you die it is essential that you make a Will. Without a Will, you have no say in how your estate is divided up and you may find that family, friends or a special cause do not benefit as you would wish. When you are making your Will, your first concern will naturally be for your own family and friends. However, once you have ensured you have properly provided for them, you may also wish to consider using your Will to help support The Horse Trust.

There are three ways that you can make a big difference by leaving us a gift in your Will:

1) Leave a residuary legacy: After providing for friends and family, you can decide to leave the remainder of your estate, or a percentage of the remainder to The Horse Trust. A residuary legacy ensures your family are provided for first, and your gift may grow over time as the value of your estate increases.

2) Leave a pecuniary legacy: A pecuniary legacy is the gift of a specific amount of money. By leaving a pecuniary legacy to The Horse Trust you can fix an amount in your Will, but its value may be reduced over the years by inflation so you may wish to review the amount in future years.

3) Leaving a specific legacy: A specific legacy is the gift of a physical item or items in your Will to The Horse Trust. This may, for example, be property, shares or jewellery.

Whichever way you choose, the decision to leave The Horse Trust a gift in your Will would help improve the lives of horses for many years to come. If your estate is liable to Inheritance Tax, you could reduce the amount due by choosing to give money to charity. If you leave a gift to a charity in your Will, its value will be deducted from your estate before Inheritance Tax is worked out. Gifts made before your death may also qualify for exemption*.

When leaving a gift to a charity you should make sure that the full details of the charity are set out in your Will, particularly if the charity is not well known. The full name of the charity, its registered address and its registered charity number should be stated. If you wish to leave a gift for a specific purpose, this should also be stated. If you would like to include a gift to The Horse Trust in your Will or are considering amending your existing Will with a Codicil, we suggest using the following legal wording:

"I give <add your own chosen percentage of your estate or amount here> to The Horse Trust of Slad Lane, Speen, Princes Risborough, Buckinghamshire HP27 0PP, Registered Charity number 231748 for general charitable purposed and I declare that the receipt from the Finance Manager or other officer of The Horse Trust shall be a full and sufficient discharge for said legacy."

If you have any questions about leaving a gift to The Horse Trust in your Will please contact Alice Morgan by email or call on 01494 488464.

Thank you.

Please be aware, that the information on these pages does not constitute legal advice and should only be considered as guidance. You should always contact a solicitor or legal professional before making or updating your Will.

Beneficiary - one who benefits from your Will.
Bequest - a gift under the term of a Will.
Codicil - an authorised addition or alteration to your Will.
Estate - your complete possessions left in your Will.
Executor - one who is appointed by you to ensure the instructions in your Will are completed.
Intestate - one who dies without making a Will.
Legacy - a specified gift in your Will.
Residue - what remains of your estate after those specific legacies are made and after taxes and debts have been paid.
Testator - one who makes the Will.

*The 2009/2015 inheritance tax threshold is £325,000. If the value of your estate, including your home and certain gifts made in the previous seven years, exceeds this figure, tax will be due on the balance at 40% on the amount over the nil rate band. From 6 April 2012 people who leave 10 per cent or more of their net estate to charity can choose to pay a reduced rate of inheritance tax of 36 per cent. To find out more about inheritance tax and legacies please visit http://www.hmrc.gov.uk/inheritancetax/pass-money-property/charity-reduce.htm