Gifts in wills FAQS
If you have any questions that are not answered here, or would simply like to speak with someone in confidence, please don’t hesitate to call our Fundraising Manager, Caroline Petersen, on 020 3119 0041 or email her at [email protected].
Since 1959 many Tibetans have lived under the oppression of the Chinese occupation in Tibet, or have had to flee to India and Nepal and settle in exile. Tibet Relief Fund works with Tibetans, empowering them to lead a fulfilled life. By leaving Tibet Relief Fund a gift in your will, you will help us to educate the young, support entrepreneurs, care for the elderly, rebuild lives and homes, and provide healthcare for all.
Having an up-to-date will brings you peace of mind. Making your will ensures those closest to you are provided for after you are gone. If you die without a will (known in the legal world as intestate), UK law will specify who inherits your possessions and estate, meaning they will not necessarily be distributed in the way you would have wished.
The sooner the better! It’s the only way to make sure your wishes are carried out after you are gone and your loved ones provided for in the way you want. Making a will helps those closest to you at a difficult time, as they will know how you wanted your estate to be distributed.
Many people make or update their will after a significant life change – like the birth of a child, or a divorce – but you can do it at any time.
If you decide to remember Tibet Relief Fund in your will, you’re free to change your mind at any time – telling us you plan to leave a gift does not commit you to doing so.
If you have a large estate (over £1,000,000), property overseas or a complex family situation, we would always recommend that you use a solicitor. You may also feel more comfortable speaking to a solicitor in person. If you don’t already have a solicitor, you can find a list of solicitors near you here.
However, for most people, an online will writing service like Make a Will Online provides all you need to make a will. Your will is checked by a fully qualified solicitor at every stage, and you can always call the helpline with any queries. If there are any points of concern, the solicitor will contact you with suggested amendments or clarifications.
The cost of writing a will varies depending on how complicated it is. You can ask several solicitors what they charge before making your decision. However, a simple will normally costs around £200.
There are three types of gift you can leave in your will:
A share of your estate (residuary legacy) – This is a percentage of your estate after all other gifts and expenses have been paid. This option is a great way to support us and means you’re less likely to need to amend your will in future.
Even 1% of a modest amount of money makes a real difference to our work, and ensures those closest to you receive 99%.
· A specific sum (pecuniary legacy) – This is a gift of a set amount of money
· A specific item – This could be something valuable such as an antique, painting, property or shares that we would sell.
By leaving Tibet Relief Fund a gift in your will, you will help us to educate the young, support entrepreneurs, care for the elderly, rebuild lives and homes, and provide healthcare for all. If you would like your gift to support a particular project, we’re very happy for you to do this. If that project has been completed or is no longer being supported by Tibet Relief Fund at the time of your death, we would use any gift for any similar work we are supporting.
If you do already have a will and want to leave a gift to us, contact your solicitor and let them know your intentions. You can work with them either to
(a) make a new will or
(b) a shorter and less expensive “codicil” (amendment).
Please ensure that your solicitor uses our full name: The Tibet Relief Fund of the United Kingdom, our charity number: 1061834, and our registered address: 2 Baltic Place, London, N1 5AQ.
Did you know that people who leave more than 10% of their estate to charity receive inheritance tax benefits?
If your estate is liable for inheritance tax (see here), we suggest you speak to your solicitor to discuss making a will and leaving a gift to us.