Leaving Money To Charity In Your Will

Giving money to charity in your Will is a great way to leave a positive legacy for the future. It can also reduce the amount of tax paid by the rest of your estate so your family can get the most out of their inheritance.

How do you leave money to a charity in your Will?

There are two ways to leave money to a charity in your Will. You can:

  • Specify a named charity or charities that will benefit
  • Let the trustees of your Will decide. 

If you choose specific charities, it is best to include their registered charity numbers to avoid confusion because their names often change.

If you decide to let the trustees choose the charities, it is essential to leave a clear record of your wishes to help them make a decision. Your gift can be:

  • A cash sum
  • A particular property or asset
  • A share, or the whole, of your residuary estate (what’s left after other specified gifts, costs, and tax).

 

Meet an expert from our Will Writing team

Find an expert who can help you understand leaving money to a charity in your Will, as well as answer any other questions you have about writing a Will.

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Frequently Asked Questions

We talk to people everyday about their Wills. These legal matters are so important but they’re not always easy to understand, especially when you’re just starting out and trying to understand what help is available and how it can get you where you need to be. Here are some of the questions we hear most often.

The Inheritance Act means that your Will must provide reasonably for any financial dependents you may have. If your Will doesn’t do this, a family member may be able to contest a charitable gift to get the financial provision they’re entitled to.

A family member could also claim that you were under undue influence or were not of sound mind when making the gift. If successful, they could contest the gift or have your entire Will declared invalid.

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