Partnerships Fundraising Manager
Gift in Wills
Writing or updating your Will is one of the most important decisions you can make to protect you and your loved ones. Every adult should have a Will. Without a Will the law decides who inherits your estate. With a Will you can decide what happens to your estate and that your wishes are followed through. With no Will in place it will usually take longer and cost more to tie up your affairs.
You may be thinking that you don’t have “an estate” to leave but having a Will means you can let your family know your wishes should anything happen and it can save them a lot of distress in the future if you have your affairs in order. You can make and amend your Will throughout your lifetime so it is never too early or too late to put one in place. No-one knows what is around the corner so it is good to make your Will while you have the time, ability and capacity to do so.
Glasgow’s Golden Generation have partnered with McClure Solicitors to provide free Wills, a free Will review and a special price Power of Attorney. All that they ask in return for this service is that you consider making a donation to Glasgow’s Golden Generation. McClure’s has branches around the UK so hopefully there is one near you. McClure’s has also provided us with lots of helpful information about making your Will which might help get you thinking about it before you have a meeting with them.
If you would like more information or to discuss making an appointment please call McClure’s on 0800 852 1999 . Consultations can take place over the phone or via video call if a face to face appointment is not possible.
You can also find more information at Solicitors for Older People Scotland (Solicitors For Older People Scotland) or you may wish to use your own solicitor if you already have one.
When making your Will you will firstly arrange taking care of your loved ones but you may also wish to consider leaving a legacy to a charity. Some people choose to leave a lump sum to charities and good causes that they would like to support. Another way to help is to leave a percentage of your residual estate. This is a good way to support a charity as the value of money changes over time and a percentage will change in line with the value of your estate. When mentioning a charity in your Will it is always good to include the charity number as charities can change their names or address over time and this avoids any confusion.
If you would like to discuss further how you can support Glasgow’s Golden Generation through your Will please contact fundraising on 0141 221 9924 or email firstname.lastname@example.org we would be happy to hear from you.
How to Leave a Gift in Your Will
Three simple ways to make a difference to older adults in Glasgow:
A Fixed Amount of Money
You can choose to leave Glasgow’s Golden Generation a fixed amount of money in your will, this is called a Pecuniary Bequest. If you do this, please note that this option may be affected by inflation, meaning that your gift may be less valuable than you intended. If this is the option you choose, please ask your solicitor about inflation proofing your gift.
A Share of your Estate
You can choose to allocate a percentage of your estate to Glasgow’s Golden Generation. You can choose which percentage of your remaining estate you wish to give to the charity after your loved ones have been provided for and inheritance tax and estate administration have been dealt with. This is called a Residual Bequest and even 1% would make a massive difference to our work with older adults in Glasgow.
An Item or Items of Value
Finally you can choose an item or items of value to leave to the charity. This could be furniture and other items to be sold in our shop to raise funds. It could also be land, property or a even jewellery which could be sold at auction. This is called a Specific Bequest.