Gifts in Wills

Your Legacy is Our Future

When drafting your Will, your loved ones understandably come first. However, if supporting your local community during challenging times resonates with you, please consider including us in your plans.

Gifts left to us in Wills have enabled us to expand our services, recruit more nurses, and provide essential care to those who need it most.

Wisdom Hospice Charity must raise over £2,500 every day to fulfil its commitment to supporting hospice services and providing free care. Leaving us a gift in your Will is a profound and enduring way to support our cause. It costs nothing during your lifetime but leaves a lasting impact for years to come.

Your legacy is our future. By including a gift in your Will, you'll be ensuring that future generations in Medway and Swale receive the care they deserve during life-limiting illnesses.

This is Hospice Care

How your Gift in Will helps hospice care live on for all, for now, forever.

Hospice care is free at the point of use. But, unlike the NHS, it is not fully state-funded. While hospices receive some government funding, more than £1.3 billion of the £1.8 billion they need each year comes from generous donors.

That’s why Gifts in Wills are crucial to the survival and growth of hospices across England, Scotland and Wales, providing 15% of the voluntary income that hospices rely on to deliver essential care.

By leaving a Gift in your Will, you can help ensure that hospice care is there for anyone with a life-limiting illness to embrace the life they have left.

Support your hospice

Hospice care supports over 300,000 people across the UK every year, including those in your community.

But this vital care would not exist without your support.

With a Gift in your Will, you can help ensure that everyone has access to the support they need for generations to come.

Seeking Legal Advice?

While we cannot offer legal advice, we're here to address any questions or concerns you may have about including a gift to Wisdom Hospice Charity in your Will.

Please note that we do not endorse any specific solicitors or Will writing services.

It's essential to seek the best advice for your circumstances.

Get in Touch

For confidential assistance or to learn more, please email Emma Dengate at info@wisdomhospicecharity.org.uk or call 01634 831163.

By leaving us a gift in your Will, you will:

  • Make a meaningful difference to patients and families facing life-limiting illnesses.

  • Contribute to the future of hospice care in your community.

  • Alleviate the tax burden on your personal beneficiaries.

The Importance of Making a Will

Crafting a will is a vital step in articulating your preferences regarding the distribution of your assets, property, and belongings after your passing. By having a will in place, you can provide for the needs of your loved ones and ensure that your desires are honoured.

Consequences of Not Writing a Will

Failure to draft a will means that your estate will be distributed according to the rules of intestacy. Consequently, your assets may not be distributed in alignment with your desires.

Do I need to leave a gift to Wisdom Hospice Charity?

While it's not mandatory to include a gift to Wisdom Hospice Charity or any charity in your will, your solicitor may inquire about your intentions regarding charitable giving during the will-making process. Opting to leave a gift to Wisdom Hospice Charity can significantly contribute to providing specialised care to individuals facing life-limiting illnesses and their families in Medway and Swale. Every donation, regardless of size, has the potential to make a meaningful impact.

  • Crafting a will ensures that your wishes are honoured upon your passing. Without a valid will, your estate will be distributed according to the rules of intestacy, which may not align with your desires or those of your family. For more insights into the financial aspects of making a will, refer to the Gov.uk website.

  • Seeking independent advice from a solicitor is crucial when making or updating your will. To locate a solicitor in your vicinity, visit The Law Society Website.

    Things to Consider Before Meeting with a Solicitor:

    • Assess the value of your estate

    • Determine beneficiaries

    • Consider guardianship for your children if applicable

    • Select trusted individuals as executors to ensure your wishes are carried out

    • Decide on leaving gifts to charities, if desired

    If legal jargon is unfamiliar, our Glossary of Legal Terms may offer assistance.

  • Regularly review and update your will to reflect changes in circumstances or priorities. In some instances, minor adjustments or additions can be made with a codicil.

  • Store the original copy with your solicitor or in a secure location, such as a bank. Maintain a copy at home and inform your executors of its whereabouts for ease of access.

  • Before drafting your will, it's beneficial to ascertain the value of your assets, deducting any liabilities, to accurately gauge the worth of your estate.

    Your Assets:

    • Your residence (current market value)

    • Additional properties, domestically or internationally

    • Financial assets: bank accounts, building society accounts, National Savings, or Premium Bonds

    • Outstanding debts owed to you

    • Business holdings (including shares in private enterprises)

    • Investments

    • Life insurance policies

    • Pensions (lump sums payable upon death)

    • Vehicles: cars, motorcycles, caravans, boats, etc.

    • Household contents

    • Other personal belongings

    • Any other assets transferred upon your demise

    Calculate the sum of all these assets—referred to as Total A.

    Your Liabilities:

    • Remaining mortgage payments

    • Overdraft balances

    • Any outstanding loans

    • Other financial obligations

    Calculate the sum of all these debts—referred to as Total B.

    The value of your estate is determined by subtracting Total B from Total A.

  • If legal jargon feels daunting, here's a helpful glossary to decode some common terms used in will writing:

    • Will: A legally binding document outlining your wishes and how your estate will be distributed after your passing.

    • Codicil: A legally binding addition to your Will, allowing for minor adjustments. Major changes may necessitate a new Will.

    • Executor: An individual designated to carry out your Will's instructions. It's wise to appoint two executors, in case one is unavailable. Executors can be friends, family, or professionals like solicitors.

    • Beneficiary: Someone, or a charity, designated to receive assets or benefits from your Will.

    • Bequest: A gift, also referred to as a legacy, specified in your Will.

    • Estate: The entirety of your possessions, including property and finances.

    • Intestacy: Dying without a valid Will or having one declared invalid.

    • Life Interest Legacy: Also called a reversionary legacy, this grants a beneficiary rights to property for their lifetime, with ownership transferring to another upon their death.

    • Conditional Legacy: A gift contingent upon specific conditions, such as a beneficiary passing away before you.

    • Inheritance Tax: Tax applied to the portion of your estate exceeding the nil-rate threshold.

    • Residue: The remainder of your estate after debts, taxes, and specified bequests are settled.

Leaving a Lasting Legacy

We extend our heartfelt gratitude to all who choose to leave a gift to us in their Will. These contributions are invaluable, allowing us to continue providing essential services to those in need.

Types of Legacies

There are three types of gifts you can leave to The Friends of the Wisdom Hospice:

  • Residuary Gift: A portion, or entirety, of what remains after specific gifts, expenses, and taxes are settled.

  • Pecuniary Gift: A fixed sum of money. Consider consulting your solicitor about index-linking to preserve its value.

  • Specific Gift: An item of specific value, such as furniture or jewellery.

Informing the Hospice

If you've chosen to include a gift to us in your Will, thank you sincerely. While it's not mandatory to inform us, we'd appreciate the opportunity to express our gratitude personally. Feel free to reach out to Emma Dengate at 01634 831163 or info@wisdomhospicecharity.org.uk. Alternatively, you can write to us at the address provided above.

We offer sample legacy clauses to help clearly outline your wishes. Additionally, we provide a sample codicil for adding a gift to an existing Will.

Regardless of the type of gift, ensure to include our name, address, and charity number for validity:

Wisdom Hospice Charity
The Wisdom Hospice, High Bank, Rochester, Kent, ME1 2NU
Registered Charity Number: 284894