Supporting us... Gifts in Wills.
There is one way of supporting the Hospice that can make a difference to local people in the future but doesn’t cost anything now – remembering St Leonard’s in your Will.
There are a lot of misconceptions when it comes to legacy gifts, in particular people thinking they have to donate large sums of money or that they have to overlook family and friends.
Any donation, however big or small, that is included in a Will today will significantly make a difference and ensure we can continue to keep serving the local community in years to come.
Just £600 could care for a patient in the Hospice for a day.
£5,000 could allow our Hospice@Home team to care for patients in their own home.
A gift of £50,000 would fund two healthcare assistants for a year.
There are five types of gift to consider...
A residuary gift, which is a share of your estate i.e. a percentage of what is left after any taxes or costs have been subtracted. As this gift is a percentage of your estate you don’t need to worry if your financial situation changes. It will keep its value over time.
A pecuniary gift, which is a fixed sum of money e.g. £1,000 and is also known as a cash gift. It is a good idea to review pecuniary gifts regularly as their value can be lessened with inflation and turn out to be less generous than you intended.
A specific gift, which are items such as a property, stocks and shares or other valuables like jewellery or paintings.
A reversionary gift, allowing you to provide for a loved one during their lifetime e.g. giving them the use of a house. After their death the asset is then passed to another, specified beneficiary.
A contingent gift, which is a gift in your Will that depends on the occurrence of an event which may or may not happen.