Why is it
important to make a Will?
A Will reflects your wishes about whom you
would like to benefit from your money and possessions. Many people
make false assumptions about what happens to their estate if they
do not leave a Will, which can lead to lengthy and expensive complications
for their family to sort out. A Will ensures that those you care
about - family, friends and worthy causes - are all looked after,
so that you have peace of mind.
When should I make a Will?
You can make a Will at any time and then regularly
review it and alter it if necessary, particularly if your circumstances
change, such as the arrival of children or grandchildren or if you
buy a house.
Who can write my Will?
It is possible to do this yourself, however
unless you are legally trained you run the risk of drafting a Will
in a way that may be unclear. A tiny error could invalidate the
whole document. Talking to a Solicitor and getting them to draft
or change your Will ensures that the wording is precise and that
your exact wishes are carried out.
How
do I Ieave the BTO a gift if I already have a Will? Speak to your Solicitor who can add a
bequest by means of a Codicil. This means there is no need to make
a new Will. When completed and witnessed, a Codicil becomes a legal
part of your Will.
Are there tax advantages of leaving money to
a charity?
The Inheritance Tax threshold currently stands
at £325,000 (2009 -2010). Any value of your estate over this
figure will be liable for 40% tax, however gifts to charities are
awarded before the estate is valued. Making gifts to those people
and causes you care about during your lifetime can reduce this liability
and leave a lasting gift for future generations. For more information
on Inheritance Tax go to the 'Planning your Will' page for a link
to the HM Revenues & Customs website.
Any size gift
we are left is gratefully received and hugely appreciated.
It won't cost you anything in your
lifetime but will help to ensure that generations to come
will continue to enjoy birds as much as you do.
For a legacy booklet
or confidential information on how to help the BTO in your Will,
contact
or
at BTO HQ in Thetford (01842 750050). Alternatively download a pdf
copy of BTO's legacy booklet here. You can help make a real difference
to the future for Britain’s birds.